**Exhibit      14**

**On2      Code of Ethics**

**On2      Technologies, Inc. Code for Ethics for Employees and      Directors**

**Purpose**

**Applicability**

|   | 1. | Act                with honesty and integrity, avoiding actual or apparent conflicts                of                interest in personal and professional relationships. |
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|   | 2. | Provide                constituents with information that is accurate, complete, objective,                relevant, timely and understandable. |
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|   | 3. | Comply                with laws, rules, and regulations of federal, state, provincial and                local                governments and appropriate private and public regulatory agencies. |
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|   | 4. | Act                in good faith, responsibility, with due care, competence and diligence,                without misrepresenting material facts or allowing independent judgment                to                be subordinated. |
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|   | 5. | Respect                the confidentiality of information acquired in the course of business                except when authorized or otherwise legally obligated to disclose                the                information. |
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|   | 6. | Refrain                from using confidential information acquired in the course of business                for                personal advantage. |
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|   | 7. | Share                knowledge and maintain skills important and relevant to constituents"                needs. |
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|   | 8. | Protect                and ensure the efficient use of assets and resources employed by                or                entrusted to such Covered Person. |
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|   | 9. | Promote                ethical behavior as a responsible partner among peers in the work                environment and the community. |
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|   | 10. | Comply                with the provisions of any other applicable Company policies or                guidelines. |
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|   | 11. | Promptly                report any possible violation of this Code to the Audit Committee.                Reports                of possible violations may be submitted in accordance with the procedure                set forth in On2"s employee manual, as revised from time to time. |
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|   | 12. | Annually                certify to compliance with this                Code. |
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**Waivers      of Amendments**

**Compliance      and Accountability**

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