Exhibit 10.14.2
Deferred Comp Plan Rabbi Trust

RABBI TRUST

This Agreement made this 23 day of December, 1996, by and between Applied Extrusion Technologies, Inc., a Massachusetts corporation having its
principal office in Peabody, Massachusetts (the "Employer") and Putnam Fiduciary Trust Company, a Massachusetts trust company having its principal office in Boston, Massachusetts (the "Trustee");

WHEREAS
the Employer has adopted the Applied Extrusion Technologies, Inc. Executive Deferred Compensation Plan (the "Plan");

WHEREAS
the Employer has incurred or expects to incur liability under the terms of such Plan with respect to the individuals participating in such Plan;

WHEREAS
the Employer wishes to establish a trust (the "Trust") and to contribute to the Trust assets that shall be held therein, subject to the claims of the Employer's creditors in the
event of the Employer's Insolvency, as herein defined, until paid to Plan participants and their beneficiaries in such manner and at such times as specified in the Plan;

WHEREAS
it is the intention of the parties that this Trust shall constitute an unfunded arrangement and shall not affect the status of the Plan as an unfunded plan maintained for the
purpose of providing deferred compensation for a select group of management or highly compensated employees for purposes of Title I of the Employee Retirement Income Security Act of 1974 ("ERISA");

WHEREAS
it is the intention of the Employer to make contributions to the Trust to provide itself with a source of funds to assist it in the meeting of its liabilities under the Plan;

NOW,
THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be comprised, held and disposed of as follows:

SECTION 1. ESTABLISHMENT OF TRUST

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SECTION 2. PAYMENTS TO PLAN PARTICIPANTS AND THEIR BENEFICIARIES.

SECTION 3. TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO TRUST BENEFICIARY WHEN THE EMPLOYER IS INSOLVENT.

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SECTION 4. PAYMENTS TO THE EMPLOYER.

Except as provided in Section 2(c) and 3 hereof, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to
others any of the Trust assets before all benefit payments have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

SECTION 5. INVESTMENT AUTHORITY.

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SECTION 6. DISPOSITION OF INCOME.

During the term of the Trust, all income received by the Trust shall be accumulated and reinvested.

SECTION 7. ACCOUNTING BY THE TRUSTEE.

The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such
specific records as shall be agreed upon in writing between the Employer and the Trustee. Within 90 days following the close of each calendar year and within 90 days after the removal or
resignation of the Trustee, the Trustee shall deliver to the Employer a written account of its administration of the Trust during such year or during the period from the close of the last preceding
year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments
purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other
property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be.

SECTION 8. RESPONSIBILITY OF THE TRUSTEE.

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SECTION 9. COMPENSATION AND EXPENSES OF THE TRUSTEE.

The Employer directs that all administrative expenses and Trustee's fees and expenses shall be paid out of the Trust.

SECTION 10. RESIGNATION AND REMOVAL OF THE TRUSTEE.

SECTION 11. APPOINTMENT OF SUCCESSOR.

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SECTION 12. AMENDMENT OR TERMINATION.

SECTION 13. MISCELLANEOUS.

SECTION 14. EFFECTIVE DATE.

This Trust Agreement shall be effective as of the date and year first written above.

IN WITNESS WHEREOF,The Applied Extrusion Technologies, Inc. and Putnam Fiduciary Trust Company have caused this Agreement to be
signed by their duly authorized officers and their corporate seals affixed hereunto, all as of the date and year first above written.

|                                 |  | APPLIED EXTRUSION TECHNOLOGIES, INC.
|-------------------------------- |  | ------------------------------------
|/s/ Elisabeth A. ThompsonWitness |  | By:                                 
|                                 |  | PUTNAM FIDUCIARY TRUST COMPANY      
|/s/ Mary MacDonaldWitness        |  | By:                                 

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