X0201 3 2004-03-10 0 0001045280 ON2 TECHNOLOGIES INC ONT 0001279555 PRINCIPE ANTHONY 21 CORPORATE DRIVE SUITE 103 CLIFTON PARK NY 12065 0 1 0 0 Chief Financial Officer Common Stock 50000.0000 D Employee Stock Option (Right to Buy) 0.1400 2012-08-26 Common Stock 12500.0000 D Employee Stock Option (Right to Buy) 0.3200 2012-10-01 Common Stock 10000.0000 D Employee Stock Option (Right to Buy) 1.2500 2013-11-05 Common Stock 50000.0000 D Represents stock award that shall vest on December 1, 2004, subject to continuous employment with the company. Employee stock options granted pursuant to the On2 Technologies, Inc., 1999 Amended and Restated Incentive and Nonqualified Stock Option Plan. 6,250 options become exercisable on August 26, 2004; 6,250 options become exercisable on August 26, 2005. The options have vested and are currently exercisable. Employee stock options granted pursuant to the On2 Technologies, Inc., 2000 Non-Qualified Stock Option Plan. 25,000 options have vested and are currently exercisable; 25,000 options become exercisable on November 5, 2004. /s/ Anthony Principe 2004-03-10