Document:

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                                                                    Exhibit 10.4
[Sonic Solutions]
     Logo

                             DISTRIBUTION AGREEMENT

This Agreement, dated for reference the 27th day of February, 2001 (the
"Effective Date"), is entered into by Sonic Solutions ("Sonic"), a California
corporation with a place of business at 101 Rowland Way, Novato, California,
94945 and Daikin Industries, Ltd. ("Distributor"), a Japanese corporation with a
place of business at Tokyo Opera City Building, 20-2, 3-chome, Nishi-Shinjuku,
Shinjuku-ku, Tokyo, 163-14, Japan

NOW THEREFORE this Agreement witnesses that in consideration of the mutual
covenants herein contained, the parties hereby covenant and agree as follows:

1.   DEFINITIONS

Unless the context requires otherwise, in this Agreement, the following terms
shall have the meanings set out below:

     (a)  "affiliate" means, in respect of any person, any other person directly
          or indirectly controlling, directly or indirectly controlled by, or
          under the direct or indirect common control of such person; a person
          shall be deemed to control a corporation if the person is in a
          position to elect or cause another person or persons to elect a
          majority of the board of directors of the corporation;

     (b)  "Confidential Information" means all technical, financial, legal,
          business opportunities, corporate, marketing, product, personnel,
          supplier, Marketing Partner, customer and other information, in
          whatever form or media, that is not generally known to the public,
          that is either marked or otherwise identified as confidential prior to
          its disclosure, or would generally be considered confidential in the
          DVD trade generally;

     (c)  "Daikin Documentation" means the localized version of the
          Documentation created by Distributor;

     (d)  "Documentation" means any user or technical manuals supplied to End
          Users with the Software;

     (e)  "End Users" means any person who directly or indirectly accepts a
          sublicense for Software for its own internal use, and not for the
          purpose of resale or sublicensing;

     (f)  "Front-line Support" means providing a point of contact for End Users
          and Marketing Partners, responding to operational and basic technical
          questions regarding the Software for End Users and Marketing Partners
          entitled to warranty or post-warranty support under section 9 of the
          Agreement, providing assistance in the installation of new versions of
          Software to End Users entitled to post-warranty support, performing
          basic diagnostics on problems reported by End Users or Marketing
          Partners entitled to warranty or post-warranty support and if unable
          to resolve any problem revealed by the diagnostics without access to
          the source code for the Software or additional technical expertise,
          providing the results of the diagnostics to Sonic to facilitate
          Sonic's resolution of the problem;

     (g)  "Initial Term" shall have the meaning set out in paragraph 11.1;

     (h)  "Integrated Software" means Software licensed by Sonic for the
           purposes of being used as part of an Integrated Product;

     (i)  "Integrated Product" means a product in which the Software is embedded
          or otherwise incorporated, or a combination of the Software and other
          products sold as a single unit, which product or unit has a list price
          of more than twice the then current list price of the Software;

     (j)  "Marketing Partners" means distributors, resellers and retailers;

     (k)  "new versions" when used in the context of Software means new
          commercial releases to issue in accordance with paragraph 6.1;

     (l)  "Required Purchase Orders" means those purchase orders that
          Distributor is required to issue in accordance with paragraph 6.1;

     (m)  "Services" means consulting, training, installation and Front Line
          Support services for the Software;
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     (n)  "Software" means the executable code for the DVD software products
          identified in Schedule "A" to this Agreement, as amended from time to
          time, including versions of this software localized for the Territory
          and any bug fixes, updates or new versions thereof supplied under this
          Agreement;

     (o)  "Standalone Software" means the Software licensed as a standalone
          item;

     (p)  "Territory" means the territory identified in Schedule "A"; and

     (q)  "Time and Materials Basis" means payment calculated by multiplying
          Sonic's then prevailing hourly rate for the personnel performing a
          task by the number of hours spent performing the task, plus any
          expenses related to that performance. Such expenses include, but are
          not limited to, charges for parts and materials consumed or used in
          the performance of the task and travelling expenses. Travelling
          expenses shall include actual expenses and an hourly rate for travel
          time. The current hourly rates for Sonic's personnel are set out in
          Schedule "A".

2.   GRANT OF RIGHTS

2.1  Exclusive Right to Distribute Software in Territory and Non-Exclusive Right
     to Distribute Specified Integrated Products Worldwide. Subject to the terms
     and conditions set out in this Agreement, Sonic grants Distributor the
     exclusive right to promote, market, and distribute the Software and
     Documentation either as a Standalone Software or as Integration Software to
     Marketing Partners and End Users in the Territory, to embed or otherwise
     incorporate Software in an Integrated Product and to promote, market and
     distribute the Software and Documentation as part of the Integrated Product
     to End Users and Marketing Partners in the Territory and to grant its
     Marketing Partners the non-exclusive right to do so. Sonic further grants
     to Distributor the non-exclusive right to embed or otherwise incorporate
     Software in an Integrated Product and to promote, market and distribute the
     Software and Documentation as part of an Integrated Product to End Users
     and Marketing Partners worldwide, and to grant Distributor's Marketing
     Partners the right to do so, provided that Sonic has authorized this scope
     of distribution for the specific Integrated Product. Sonic may permit Sonic
     distributors for other territories to distribute a specific Integrated
     Product in the Territory, provided that Distributor has authorized this
     distribution for the particular Integrated Product. Any distribution rights
     granted by Sonic for Integration Software outside of the Territory shall
     reflect this restriction on the ability to distribute, sell or license the
     Integrated Product within the Territory.

2.2  Good Faith Determination of Scope of License. If Distributor delivers
     notice to Sonic of an opportunity to distribute an Integrated Product
     outside the Territory, Sonic shall not unreasonably withhold or delay its
     approval of the opportunity and shall act in good faith in determining
     whether to allow Distributor to pursue same. If Sonic delivers notice to
     Distributor of an opportunity to distribute an Integrated Product inside
     the Territory, Distributor shall not unreasonably refuse or delay its
     approval of the opportunity and shall act in good faith in determining
     whether to allow Sonic to pursue same.

2.3  Distribution Conditions. Subject to paragraph 5.1, Distributor shall not
     alter the Software, its packaging or the Sonic license agreement included
     with the Software. Distributor acknowledges that the Software is
     distributed to End Users subject to the terms of the applicable End User
     license for the Software.

2.4  Copies of Software Licensed for Internal uses. Sonic hereby grants to
     Distributor and Marketing Partners the right to use the Software and
     Documentation, other than the Daikin Documentation, provided by Sonic under
     paragraph 4.1, for promotions, demonstrations, training, sales support and
     Front Line Support of the Software.

2.5  Limitations on Rights Granted. Distributor acknowledges and agrees that the
     Software and Documentation contain valuable Confidential Information that
     is proprietary to Sonic.

2.6  Distribution Managers. Each of Sonic and Distributor shall appoint a
     distribution manager who shall have the primary responsibility for the
     implementation of the Agreement and shall facilitate communication between
     the parties. Each distribution manager shall have the authority to make day
     to day decisions under the Agreement. Sonic's distribution manager shall be
     located at Sonic's corporate headquarters in Novato, California. The
     initial distribution managers shall be Dr. Panos Nasiopoulos for Sonic and
     Mr. Kiyoshi Nakajima for Distributor.

3.   DISTRIBUTOR OBLIGATION

3.1  Distributor Obligations. Distributor shall, at its own cost, use
     commercially reasonable efforts to promote, market, distribute and provide
     Front Line Support for the Software. Without limiting the foregoing and
     subject to the terms and conditions of this Agreement, Distributor shall:
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     (a)  Provide Sonic with forecasts of Software requirements itemized by type
          of software product on or before the first day of each calendar
          quarter;

     (b)  Within 15 days following the end of each calendar month, provide Sonic
          with a sales report setting out an itemized list of the type of
          software licensed in the month, identifying the End User or Marketing
          Partner that ordered the Software and where the Distributor has access
          to information about an End User for an order placed by a Marketing
          Partner, identifying that End User, and such other information
          relating to Distributor's performance of its obligations hereunder, as
          Sonic requests, acting reasonably;

     (c)  Provided that Distributor remains the exclusive distributor for the
          Territory, within a reasonable period of Sonic delivering the initial
          form or subsequent versions of the Documentation to Distributor,
          provide Sonic with a copy of the corresponding version of the Daikin
          Documentation;

     (d)  Supply a sufficient number of trained and knowledgeable people to
          adequately support the End Users of the Software and the Marketing
          Partners;

     (e)  Provide Front Line Support to End Users and Marketing Partners for
          Software in the Territory;

     (f)  Pay the monies due to Sonic hereunder in accordance with the terms of
          this Agreement;

     (g)  Deliver notice to Sonic of any complaints relating to the Software
          received by Distributor and require Marketing Partners to do the same;

     (h)  Promptly report any changes in ownership, management or control of
          Distributor, including without limitation, the merger, consolidation
          or sale of all or substantially all of Distributor's assets; and

     (i)  Maintain a link to the Sonic website and permit Sonic to maintain a
          link to Distributor's website in accordance with the web linking
          policy set out in Schedule "B".

3.2  Compliance with Law.  Distributor shall:

     (a)  obtain, at its own expense, all necessary permits, licenses and any
          other authorization necessary to market, import, or sell the Software
          and its Integrated Products in the Territory. Notwithstanding the
          foregoing, Sonic shall, upon request by Distributor, provide
          Distributor with any information about the Software it reasonably
          requires from Sonic to obtain these permits, licenses and
          authorizations; and

     (b)  represent Sonic and the Software accurately and fairly and shall not
          engage in any misleading or unethical business practices.

3.3  Daikin Documentation. Distributor hereby grants to Sonic the non-exclusive,
     non-transferable and non-assignable right to reproduce the Daikin
     Documentation solely for the purposes of supplying Distributor
     Documentation along with the Software. If at any time Distributor ceases to
     be the exclusive distributor of Software in the Territory, Sonic may
     purchase all right, title and interest in and to the Daikin Documentation
     and to any associated intellectual property rights by paying to Daikin
     $25,000 U.S. This provision shall survive termination of the Agreement.

3.4  Services. Except as expressly set out in this Agreement, Distributor shall
     be responsible for the provision of Services directly to End Users.

4.   SONIC'S OBLIGATIONS

4.1  Delivery of Software. Upon execution of this Agreement, Sonic shall deliver
     to Distributor twenty five executable copies of each type of Software and
     associated Documentation for the purposes set out in paragraph 2.4. Upon
     Distributor notifying Sonic of the identity of a Marketing Partner, Sonic
     shall make five copies of the Software available to that Marketing Partner
     for the purposes set out in paragraph 2.4 at 30% of the then current
     Japanese list price for the Software. Distributor agrees that it is a
     condition of the provision of these copies of the Software and
     Documentation that they not be for re-sale, loaning, leasing, renting, time
     sharing, transfer or other uses by third parties and further agrees that
     Sonic may make its delivery of the Software described herein to Marketing
     Partners subject to their agreeing to this condition.

4.2  Support. Sonic shall provide Distributor with ongoing sales and technical
     information and assistance regarding the Software. Sonic shall provide
     technical support for Software for End Users and Marketing Partners in
     accordance with section 9, below, and shall ensure that it dedicates
     sufficient resources to such support to enable Distributor to satisfy the
     requirements of End Users and Marketing Partners. Sonic shall make training
     courses on the Software available for at least two of Distributor's
     employees at no additional
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     cost to Distributor (other than the cost of travel and lodging) on the
     existing Software and on new versions of the Software prior to their
     becoming commercially available.

4.3  Complaints. Sonic shall promptly deliver notice to Distributor of any
     complaints it receives related to Distributor's activities under this
     Agreement.

4.4  Software Development Plans. At the commencement of each quarter, Sonic
     shall meet with Distributor and discuss its Software development plans.

4.5  Changes to Software Products and Specifications. Sonic may not discontinue
     any Software or the trade name of any Software without Distributor's prior
     written consent. If Distributor gives its consent to such a change, unless
     otherwise agreed in writing by Distributor, the change shall not become
     part of any commercially available product for at least 90 days from the
     date the Distributor consents to the change. The parties agree that
     following the Initial Term or in any distribution agreement entered into by
     the parties after April 30 of 2002, Sonic will be permitted to discontinue
     an item of Software or a trade name for the Software provided that Sonic
     gives Distributor at least 90 days written notice of Sonic's decision to do
     so and continues to provide support for the Software for at least one year
     after it is discontinued.

4.6  Changes in Control. Sonic shall promptly report to Distributor any changes
     in ownership, management or control of Sonic, including without limitation,
     the merger, consolidation or sale of all or substantially all of Sonic's
     assets.

4.7  Promotional Brochures. Sonic shall provide to Distributor, at no additional
     cost, with technical information about the Software and the electronic
     version of any marketing materials for the Software published by Sonic. To
     the extent possible Sonic shall provide such information in advance of the
     initial production or license of the Software or any new versions thereof.

5.   ORDERING

5.1  Placing Orders. Distributor shall issue the Required Purchase Orders and
     may issue other purchase orders for Software from time to time. Purchase
     orders are not binding on Sonic until accepted by Sonic. Sonic shall accept
     each Required Purchase Order and shall use all reasonable commercial
     efforts to accept any other purchase order issued hereunder. Each purchase
     order shall be in writing, incorporate this Agreement by reference, set out
     the Software ordered and the number of copies thereof, indicate whether it
     is anticipated to be Standalone Software or Integration Software, and
     include the ship-to-address and the required delivery date (which date
     shall not be less than 14 calendar days from the date the purchase order is
     delivered to Sonic). Purchase orders shall be delivered to the address set
     out on the face page of this Agreement or to such other address as Sonic
     may from time to time notify Distributor. Sonic acknowledges that its
     delivery of packaged software products may be inappropriate for certain
     types of Integration Software distributions and agrees to work in good
     faith with Distributor to develop mutually acceptable processes for such
     distributions.

5.2  Delivery of Software. Unless otherwise specifically agreed by the parties,
     Software and Documentation shall be delivered to Distributor packaged and
     ready for shipment to End Users or Marketing Partners as the case may be.
     It shall be delivered to Distributor, FCA (Free Carrier) Novato, the ship-
     to address specified on the applicable purchase order (Incoterms 2000
     apply).

5.3  Ability to Cancel Purchase Orders. Distributor may cancel a purchase order
     other than a Required Purchase Order, at no charge, at any time up to ten
     calendar days prior to the required delivery date.

5.4  Exchange of Standalone for Integrated Software. The parties acknowledge
     that it may be difficult to estimate the relative requirements for
     Standalone Software and Integration Software. Sonic agrees that at any time
     prior to Distributor shipping an item of Standalone Software or of
     Integration Software to an End User or Marketing Partner, Distributor may
     exchange any Standalone Software purchased hereunder for an item of
     Integration Software or exchange any Integration Software purchased
     hereunder for an item of Standalone Software.

6.   FEES

6.1  Minimum Value of Purchase Orders to be Issued. Sonic shall supply the
     Software to Distributor at the current Japanese list prices set out in
     Schedule "A" less a 45% discount. Distributor shall issue to Sonic purchase
     orders for at least the minimum amounts set out below in accordance with
     the schedule set out
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     below. Distributor shall pay Sonic the amounts owing under these purchase
     orders by way of wire transfer, made at the time the purchase order is
     issued, to a bank account specified by Sonic:

     (a)  On the Effective Date, (Yen) 70,000,000 for the four calendar months
          ending June 30, 2001;

     (b)  On or before June 28, 2001, (Yen) 70,000,000 for the three months
          ending September 30, 2001;

     (c)  On or before September 27, 2001, (Yen) 60,000,000 for the three months
          ending December 31, 2001;

     (d)  On or before December 27, 2001, (Yen) 60,000,000 for the four months
          ending April 30, 2002.

     If the value of purchase orders issued for Software for a period set out in
     (a)-(d) above exceeds that required by that sub-paragraph, the minimum
     value of Software required to be ordered in the subsequent period shall be
     reduced by the amount of this excess. If Sonic reduces the U.S. list price
     set out in Schedule A (the "US List Price") for any item of Software by
     more than 15%, any of the payments set out above that have not yet been
     paid (the "Guaranteed Payments") , shall be reduced in accordance with the
     following formula. Each item of Software in Schedule C has a total monetary
     amount (the "Amount") associated with it based on the Distributor's current
     sales forecast for the Initial Term (summing the amounts for the first 12
     months and the additional two months in Schedule C). The percentage
     reduction for a Guaranteed Payment would be:

     (a) the percentage reduction of the US List Price for the Reduced Software,
     times (b) the Amount for the Reduced Software; divided by (c) Two Hundred
     Sixty Million, Eighteen Thousand Five Hundred Yen ((Yen)260,018,500). The
     parties further agree that Sonic may not increase the price of any item of
     Software unless Distributor agrees to the increase. Failure to place and
     pay for purchase orders as set out in this section 6.1 shall entitle Sonic
     to either terminate this Agreement or to terminate Distributor's status as
     the exclusive distributor of Software for the Territory as provided in
     paragraph 2.1.

6.2  Right of Set Off. Distributor shall have the right to set off any monies
     owed by Sonic to Distributor, against those monies owed by Distributor to
     Sonic under this Agreement.

6.3  Taxes and Duties. Distributor shall be responsible for the payment of all
     taxes or duties, (except taxes on the income of Sonic) associated with the
     supply of Software or Services under this Agreement.

6.4  Time of Invoice. Except for the Required Purchase Orders, Sonic shall
     invoice Distributor for Software at the time of shipment for Standalone
     Software, at the time the licenses are authorized for Integrated Software,
     and at the time of completion of performance for any Services contracted
     for by Distributor.

6.5  Date Payment Due. Except for the payments due under Required Purchase
     Orders, Distributor shall pay all properly issued invoices that are
     received on or before the last business day of any month by the last
     business day of the following month.

6.6  Right to Audit Licenses for Integration Software. Distributor shall keep
     records while this Agreement remains in effect, and for a period of two
     years thereafter, identifying by version and serial number of the
     Integration Software, the End User or Marketing Partner to whom the license
     for the Software was granted, and the date of grant. Sonic may conduct, or
     engage a qualified auditor to conduct, an independent audit of these
     records and any related financial/accounting/business records of
     Distributor. Such audit shall occur, if at all, during the normal business
     hours of Distributor, and only after written notice has been delivered to
     Distributor at least three business days in advance of the audit. If an
     audit reveals an underpayment of license or support fees, then Sonic may
     submit an invoice to the Distributor in the amount of the underpayment
     together with supporting documentation for its claim, and Distributor shall
     pay such invoice within 30 days of receipt of same. If the underpayment
     exceeds, $5000, then Distributor shall also pay for the cost of the audit.

6.7  Establishment of End User License Fees. Distributor may, in its sole
     discretion, determine the fee for which it is prepared to license Software
     to End Users or its Marketing Partners.

6.8  Late Payment. Notwithstanding any other remedies available to Sonic, if
     Distributor fails to pay any amount due under this Agreement within 30 days
     of it becoming due and payable, Sonic may charge interest on the
     outstanding balance at a rate of 1.0% per month.

7.   OWNERSHIP

7.1  No Transfer of Ownership Rights in Software. Distributor acknowledges and
     agrees that title to and ownership of Sonic Software and of any copyright,
     trade secret, trade-mark, or patent rights, or any other intellectual
     property rights related thereto, are and shall remain the exclusive
     property of Sonic, and that
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     nothing in this Agreement shall convey to Distributor or to any Marketing
     Partner, or End User any ownership right, interest or title in or to the
     Software or to any intellectual property rights related thereto.
     Distributor acknowledges and agrees that the source code for the Software
     is Confidential Information.

8.   TRADE-MARKS

8.1  No Alteration of Trademarks. Distributor shall not in any way alter,
     deface, remove, cover up, or mutilate in any manner whatsoever, any
     trademark, serial or model number, symbol, brand or trade name which Sonic
     may attach or affix to, or make a part of any of the Software.

8.2  License for Trademarks. Distributor is authorized by Sonic to use the
     trademarks, trade names, logos and designations Sonic uses for the Software
     in connection with Distributor's advertisement, promotion and distribution
     of Software. Distributor's use of such trademarks, trade names, logos, and
     designations will be in accordance with Sonic's then current policies as
     communicated to Distributor from time to time, including but not limited to
     trademark usage and co-operative advertising policies. Distributor agrees
     not to use any Sonic trademark, trade name, logo or designation in
     connection with any non-Sonic product, other than Integrated Products.

9.   SUPPORT

9.1  Warranty. Sonic shall provide a written limited warranty with each item of
     Software supplied hereunder. For the Initial Term the warranty shall
     provide that the Software shall operate in accordance with the functional
     specifications in the Documentation for a period of 90 days following its
     shipment to the End User. If a Marketing Partner licenses Integration
     Software from Sonic for the purpose of embedding it or otherwise
     incorporating it into another product, Sonic shall warrant that the copy of
     the Integration Software supplied to the Marketing Partner shall operate
     substantially in accordance with its specifications for a period of 90
     days. Sonic shall use reasonable efforts to resolve any problem identified
     with the Software that is covered by warranty and that Distributor is
     unable to resolve, and will keep Distributor apprised of the status of the
     problem in accordance with any problem resolution process agreed upon by
     the parties. If Sonic is unable to provide a fix or workaround for the
     problem within one month of being notified of the problem, Sonic shall
     refund to Distributor the fees that Distributor has paid to Sonic for each
     affected End User or Marketing Partner. Sonic makes no other warranty,
     condition or representation in relation to the Software either express or
     implied, including without limitation any warranty, condition or
     representation of fitness for a particular purpose, merchantability,
     noninfringement or durability.

9.2  Post Warranty Support. Within 30 days of this Agreement being executed by
     the parties, the parties shall mutually agree upon a form of post warranty
     maintenance agreement that Distributor may enter into with End Users and
     Marketing Partners to provide new versions of the Software and post
     warranty operational and technical support for the Software. Upon entering
     into any such agreement, Distributor shall provide notice to Sonic of the
     identity and contact information of the End User or Marketing Partner as
     the case may be. For each such Marketing Partner or End User Distributor
     shall pay to Sonic the annual support fee set out in Schedule "A" less a
     discount of 45%. Distributor shall pay support fees due under this
     Agreement by the end of the month following the month in which Distributor
     receives payment for the applicable support period. In consideration of
     this payment, Sonic shall perform all technical support beyond Front Line
     Support in accordance with the terms of the maintenance agreement and to
     the extent not inconsistent with that agreement with any problem resolution
     process agreed to by the parties. Except to the extent inconsistent with
     the applicable maintenance agreement, Sonic shall ensure that Daikin
     receives new versions of the Software or the password it requires to
     download new versions of the Software from Sonic's website, within 30 days
     of the new version becoming commercially available. Without limiting the
     generality of the foregoing, provided that the fees described above have
     been paid to Sonic, Sonic shall use reasonable commercial efforts to
     resolve problems identified to Distributor by an End User or Marketing
     Partner that has entered into a post warranty maintenance agreement with
     Distributor, that are not resolvable by Front Line Support and that
     preclude the Software from substantially operating in accordance with the
     Documentation.

10.  CONFIDENTIALITY

10.1 Limited Disclosure of Confidential Information. Each of the parties shall
     maintain in confidence any Confidential Information of the other party
     which it receives or becomes apprised of as the direct or indirect result
     of this Agreement and shall refrain from using this Confidential
     Information or from
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     disclosing same to any third person including any agent, affiliate,
     consultant, or subcontractor, other than as required to fulfil the purposes
     of this Agreement, without the other party's prior written authorization.
     This obligation shall not apply to the extent that the receiving party can
     establish that the Confidential Information:

     (a)  is or becomes generally known to the public through no fault of the
          receiving party;

     (b)  is known to the receiving party before the date of its disclosure by
          the other party, as evidenced by the written records of the receiving
          party;

     (c)  is disclosed, lawfully and not in breach of any contractual or other
          legal obligation, by a third person; or

     (d)  is required by law to be disclosed provided that notice of this
          requirement is delivered to the party seeking to prevent the
          disclosure of the Confidential Information so that it may contest this
          potential disclosure.

10.2 Limited Copying of Confidential Information. Except as required to fulfil
     the purposes of this Agreement, neither party shall directly or indirectly
     cause or permit any Confidential Information of the other party to be
     copied or otherwise reproduced. Any such copy shall be marked confidential
     and, when appropriate, marked as proprietary to the disclosing party.

10.3 No Transfer of Rights to Confidential Information. Nothing in this
     Agreement shall confer upon the receiving party any right, title, interest
     or license in any Confidential Information except as expressly stated in
     this Agreement.

10.4 Terms of Agreement. The terms of the Agreement are confidential, and
     neither party shall disclose them to any third party without the other
     party's consent, which shall not be unreasonably withheld or delayed.

10.5 Return of Confidential Information. The receiving party shall promptly
     purge all Confidential Information from its computer systems and return to
     the disclosing party, upon termination of this Agreement, all Confidential
     Information and any copies of Confidential Information (except Software
     being sublicensed to an End User under an outstanding purchase order) in
     written or other tangible form in the possession or control of Distributor,
     its agents, affiliates, consultants or subcontractors.

10.6 Compliance of Officers, Employees etc. Each of the parties shall take all
     reasonable steps to ensure compliance of its directors, officers, and
     employees with the confidentiality provisions of this Agreement, including
     without limitation upon request by the other party, causing any such person
     involved in the sale or servicing of the Software to enter into the other
     party's standard non-disclosure agreement. Each party shall protect the
     other party's Confidential Information to at least the same extent it
     protects its own confidential information, and shall take any step which
     the other party reasonably requests to ensure compliance with this section.

10.7 This section shall survive termination or expiration of this Agreement.

11.  TERM AND TERMINATION

11.1 Term. This Agreement comes into effect on the Effective Date specified on
     the face page, and unless terminated as provided below, shall continue in
     effect until April 30, 2002 (the "Initial Term"). The Agreement shall
     automatically renew thereafter for successive one year terms (but for
     greater certainty, not including the Required Purchase Orders) unless
     terminated by either party by delivering notice to the other party of its
     decision to terminate the Agreement no less than 45 days prior to the
     effective date of termination. The parties agree to meet at least 90 days
     prior to the end of the term to negotiate in good faith the terms under
     which both would be prepared to enter into a distribution agreement for the
     then following fiscal year.

11.2 Termination for cause. Either party (the "Terminating Party") may terminate
     this Agreement by giving written notice to the other party, effective
     immediately upon receipt or on the date set forth in the notice, if any of
     the following occurs:

     (a)  the other party files, or has filed against, it, a voluntary or
          involuntary petition of bankruptcy which is not thereafter dismissed
          within sixty days, or the other party is unable to pay any of its
          debts as they fall due for a period of sixty days, or a receiver,
          administrator, or the local equivalent thereof, is appointed of all or
          a substantial part of the other party's assets; or

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     (b)  the other party breaches any term or condition of this Agreement, the
          Terminating Party gives the other party written notice requiring the
          breach to be cured within thirty days of receipt of the notice and the
          party in breach fails to cure the breach within that period.

11.3 Other Remedies. Any termination of this Agreement for cause shall be
     without prejudice to any other rights or remedies either party may be
     entitled to under this Agreement, or at law. Without limiting the
     foregoing, Distributor acknowledges and agrees that a breach of the
     trademark, and confidentiality sections of this Agreement, or of any
     license granted hereunder, would cause Sonic irreparable harm, and that
     Sonic shall be entitled to immediately seek relief by way of a temporary or
     permanent injunction in the event of such a breach.

11.4 Effect of Termination. Upon termination of this Agreement, Distributor
     shall, and shall require its Marketing Partners to, immediately cease to
     exercise the rights granted to it under this Agreement. Without limiting
     the foregoing, unless Sonic indicates otherwise in writing, Distributor
     shall, and shall ensure that each of its Marketing Partners:

     (a)  immediately cease to use, promote, market, distribute, reproduce, or
          support the Software;

     (b)  return to Sonic any Confidential Information in their possession or
          control; and

     (c)  discontinue the use of all trademarks and or trade names of Sonic by
          removing at their own expense, all signage containing any of the same,
          and cease using any form of advertising materials and any other form
          of communication identifying Distributor as a distributor of the Sonic
          products and any type conduct that might suggest the same.

     Upon termination of this Agreement, Sonic shall honour all outstanding
     purchase orders and all binding quotes and proposals issued by Distributor
     prior to the effective date of termination (provided that Sonic authorizes
     the quote or proposal at the time it is issued), shall return any of
     Distributor's Confidential Information in its possession or control, shall
     discontinue all use of Distributor's trademarks or trade names and any form
     of advertising materials or other form of communication identifying
     Distributor as a distributor of Sonic products, and work in good faith with
     Distributor to provide ongoing maintenance services to End Users.

12.  INDEMNITY

12.1 Sonic's Indemnity. Sonic shall indemnify, defend and hold harmless
     Distributor and its directors, employees, consultants and independent
     contractors against any third party claims and any costs, loss, damage,
     expenses, lawyer's fees (including disbursements), or liability (including
     amounts paid in settlement) that result from any such third party claims
     that arise from the grossly negligent or wrongful acts of Sonic, unfair
     competition conducted by Sonic with respect to the Software or from a claim
     that the Software infringes any patent, copyright, trade secret or other
     intellectual property right of a third party. Notwithstanding the
     foregoing, Sonic shall not have any liability for a third party claim that
     results from the integration of the Software into the Integration Product,
     or the modification, use or combination of the Software in a manner not
     contemplated by the Documentation or specified or otherwise agreed upon by
     Sonic. Daikin shall provide reasonable information and assistance to Sonic
     at Sonic's expense in defence in any such proceeding.

12.2 Distributor's Indemnity. Distributor shall indemnify, defend and hold
     harmless Sonic, its directors, employees, consultants and independent
     contractors against any third party claims, and any costs, loss, damage,
     expenses, lawyer's fees (including disbursements),or liability (including
     amounts paid in settlement) that results from any such third party claims
     where the claim arises from the grossly negligent or wrongful acts of
     Distributor. Sonic shall provide reasonable information and assistance to
     Distributor at Distributor's expense in defence in any such proceeding.

12.3 This section shall survive termination of this Agreement.

13.  LIMITATIONS ON LIABILITY

13.1 WITH THE EXCEPTION OF THE INDEMNITIES SET OUT IN SECTION 12, NEITHER PARTY
     NOR THEIR RESPECTIVE AFFILIATES, DIRECTORS, OFFICERS OR EMPLOYEES SHALL BE
     LIABLE TO THE OTHER PARTY FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL,
     EXEMPLARY OR INDIRECT DAMAGES, EVEN IF THEY HAVE BEEN ADVISED OF THE
     POSSIBILITY OF SUCH LOSS, INCLUDING WITHOUT LIMITATION, LOSS OF BUSINESS
     REVENUE OR EARNINGS, LOST DATA, LOST PROFITS, OR A FAILURE TO REALIZE
     EXPECTED SAVINGS.
<PAGE>

                                                                        PAGE 9

13.2 WITH THE EXCEPTION OF THE INDEMNITIES SET OUT IN SECTION 12, NEITHER
     PARTY'S LIABILITY TO THE OTHER PARTY IN CONNECTION WITH THIS AGREEMENT, NOR
     THE LIABILITY OF THEIR RESPECTIVE AFFILIATES, DIRECTORS, OFFICERS OR
     EMPLOYEES, SHALL EXCEED THE TOTAL AMOUNT OF FEES PAID BY DISTRIBUTOR TO
     SONIC UNDER THIS AGREEMENT DURING THE 12 MONTHS IMMEDIATELY PRECEDING THE
     EVENT GIVING RISE TO THE LIABILITY.

13.3 THE LIMITATIONS, EXCLUSIONS AND DISCLAIMERS SHALL APPLY WHETHER AN ACTION,
     CLAIM OR DEMAND ARISES FROM A BREACH OF WARRANTY OR CONDITION, BREACH OF
     CONTRACT, NEGLIGENCE, STRICT LIABILITY OR ANY OTHER KIND OF CIVIL LIABILITY
     CONNECTED WITH THIS AGREEMENT.

13.4 Some jurisdictions do not allow limitations or the exclusions of certain
     types of damages. In the event that the laws of any such jurisdiction are
     deemed applicable to this Agreement, the above limitations or exclusions
     may be limited or deemed inapplicable.

13.5 This section shall survive termination of this Agreement.

14.  GENERAL

14.1 Notice. All notices, reports, request and demands made under this Agreement
     shall be in writing and shall be sufficiently given or delivered if
     delivered to the other party by hand, double registered (or any other form
     of mail that provides a return receipt), facsimile (with confirmation of
     receipt provided by the recipient and a copy sent by first class mail,
     postage prepaid) or electronic courier to the addresses specified on the
     face page of this Agreement, or to such other address, fax number or e-mail
     address as the parties designate by written notice from time to time.
     Notice shall be deemed to have been received at the time of delivery.

14.2 Force Majeure. If either of the parties becomes unable to carry out the
     whole or any part of its obligations under this Agreement for any reason
     beyond its reasonable control including acts of God, acts of governmental
     authorities, strikes, war, riots or any other cause of such nature ("Event
     of Force Majeure"), then the performance of the obligations of the affected
     party (the "Affected Party") shall be excused during the continuance of any
     inability so caused, but such inability shall, as far as possible, be
     remedied with all reasonable dispatch. Either party shall give immediate
     notice to the other party upon becoming aware of an Event of Force Majeure.
     If an Event of Force Majeure continues for a period exceeding three months
     or such other period as is mutually agreed to by the parties, the other
     party may terminate this Agreement by giving the Affected Party at least
     seven days written notice of its intention to do so.

14.3 Entire Agreement. This Agreement constitutes the entire agreement of the
     parties, and supersedes all prior agreements, proposals, discussions,
     correspondence, or communication relating to the subject matter hereof.
     This Agreement shall not be modified or amended except in writing signed by
     authorized representatives of both parties. No standard form or set of
     terms and conditions printed on, or contained in, any document submitted by
     either party to the other subsequent to the execution of this document
     shall be sufficient to effect a variation, unless such document is executed
     by both parties.

14.4 Severability. If any court finds any part of this Agreement to be invalid
     or unenforceable, that part shall be severed from this Agreement and its
     invalidity or unenforceability shall not in any way affect the remaining
     provisions of this Agreement, which shall continue in full force and
     effect.

14.5 Assignment. Neither party may assign this Agreement without the prior
     written consent of the other party, which consent shall not be unreasonably
     withheld, however Sonic may assign its rights hereunder in connection with
     the merger or consolidation with, or the sale of all or substantially all
     of its assets to, another entity.

14.6 Governing Law. This Agreement shall be governed and construed in accordance
     with the laws of the state of California, excluding rules of private
     international law that lead to the application of the laws of any other
     jurisdiction. The United Nations Convention on Contracts for the
     International Sale of Goods (1980) shall not apply. The courts of the state
     of California shall have non-exclusive jurisdiction to hear any matter
     arising in connection with this Agreement.

14.7 Nature of Relationship. This Agreement shall not create or be construed as
     creating a joint venture, co-ownership, partnership, or agency relationship
     between Sonic and Distributor. Neither party shall have authority to or
     shall hold itself out as having any authority to incur, assume or create,
     orally or in writing,
<PAGE>

                                                                        PAGE 10

      any liability, obligation or undertaking of any kind in the name of, or on
      behalf of, or in any way binding upon, the other.

14.8  Survival. Sections 1, 7, 9.1, 10, 11, 12, 13 and 14 shall survive the
      termination or expiration of this Agreement.

14.9  Headings. The headings are not intended to be full or precise descriptions
      of the test to which they refer and shall not be considered part of this
      Agreement.

14.10 Counterpart Clause. This Agreement may be executed in counterparts, or
      facsimile counterparts, each of which when executed by either of the
      parties shall be deemed to be an original and such counterparts shall
      together constitute one and the same Agreement.

The parties executed this Agreement on the dates set out below. Each party
represents and warrants that its respective signatory is duly authorized to
execute this Agreement on its behalf.

SONIC SOLUTIONS:                      DAIKIN INDUSTRIES, LTD.:

By     /s/ Clay Leighton              By    /s/ Kiyoshi Nakajima
   ------------------------------        -----------------------------------

Name   A. Clay Leighton               Name   Kiyoshi Nakajima
     ----------------------------          ---------------------------------

Title  Chief Financial Officer        Title   General Manager
      ---------------------------           --------------------------------

Date   February 27, 2001              Date  February 27, 2001
     ----------------------------          ---------------------------------

Attachments:           Schedules
             ---------<PAGE>

                                  Exhibit 10.1

                       GREENPOINT HOME EQUITY LOAN TRUST
                   Home Equity Loan Asset-Backed Securities
                                 Series 2000-2

                     Distribution Date:  February 15, 2001

<TABLE>
<CAPTION>

                   Original           Beginning                                         Investor                       Ending
                   Investor            Investor                                        Certificate     Investor       Investor
                 Certificate         Certificate       Principal      Interest       Distribution       Loss         Certificate
 Class         Principal Balance   Principal Balance  Distribution   Distribution        Amount         Amount    Principal Balance
-----------------------------------------------------------------------------------------------------------------------------------
  <S>          <C>                 <C>                <C>            <C>              <C>                <C>        <C>
  A-1           275,831,000.00     $256,711,671.54  $7,334,361.52  $1,286,232.44     $ 8,620,593.96     $0.00      $249,377,310.01
  A-2            77,669,000.00     $ 73,292,204.25  $1,736,845.54  $  373,942.93     $ 2,110,788.47     $0.00      $ 71,555,358.72
  R            $          0.00     $          0.00  $        0.00  $        0.00     $         0.00     $0.00      $          0.00
  TOTAL        $353,500,000.00     $330,003,875.79  $9,071,207.06  $1,660,175.37     $10,731,382.43     $0.00      $320,932,668.73
</TABLE>

<TABLE>
<CAPTION>
                                    AMOUNTS PER $1,000 UNIT
                                     Beginning                                                               Ending
                                      Investor                                            Investor          Investor
                                    Certificate                                         Certificate       Certificate
    Class            CUSIP           Principal         Principal        Interest        Distribution       Principal
                                      Balance        Distribution     Distribution         Amount           Balance
------------------------------------------------------------------------------------------------------------------------
   <S>            <C>               <C>               <C>              <C>              <C>               <C>
   A-1             395385AD9          930.68462768      26.59005523       4.66311778       31.25317301      904.09457245
   A-2             395385AE7          943.64809967      22.36214624       4.81457119       27.17671744      921.28595343
</TABLE>

<TABLE>
<CAPTION>
   Investor Certificate Rates
                    Investor
Class           Certificate Rate
--------------------------------
<S>                     <C>
 A-1                     6.01250%
 A-2                     6.12250%

</TABLE>
Investor Certificate Rates based on a LIBOR of:           5.88250%

PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:

                                                      Steven Charles
                                                      Bank One, NA
                                                      1 Bank One
                                                      Plaza Chicago, IL 60670
<PAGE>

                  Information pursuant to Section 8.8 of the
                     Pooling Agreement dated Sept. 1, 2000

<TABLE>
<CAPTION>
                                                                                  Group 1              Group 2
                                                                           -----------------------------------------
<S>        <C>                                                               <C>                 <C>
(i)        Unpaid Investor Certificate Interest Shortfall paid                             0.00                 0.00
           Per $1000 of Original Investor Certificate Principal Balance               0.0000000            0.0000000

(ii)       Remaining Unpaid Investor Certificate Interest Shortfall                        0.00                 0.00
           Per $1000 of Original Investor Certificate Principal Balance               0.0000000            0.0000000

(iii)      Servicing Fee                                                             106,966.34            30,482.28
           Gross Interest Collections                                              2,619,968.18           738,790.46

(iv)       Original Pool Balance                                                 272,350,187.97        77,615,878.87
           Beginning Pool Balance                                                256,719,214.52        73,157,481.82
           Loans Removed                                                                   0.00                 0.00
           Loans Added                                                                     0.00                 0.00
           Adjuated Beginning Pool Balance                                       256,719,214.52        73,157,481.82
           Principal Collections                                                  11,075,690.76         3,566,963.74
           Additional Balances                                                     4,134,593.34         1,938,109.20
           Ending Pool Balance                                                   249,778,117.10        71,528,627.28
</TABLE>

(v)     Delinquency Information

<TABLE>
<CAPTION>
                                          Group 1                                    Group 2
                            -------------------------------------------------------------------------------
                                                        % of Group                               % of Group
                             Count        Balance         Balance       Count      Balance        Balance
                            -------------------------------------------------------------------------------
<S>                         <C>    <C>                <C>             <C>     <C>             <C>

        30-59 days             50  2,425,500.21        0.971062%         7    327,352.04       0.457652%
        60-89 days             12    633,045.71        0.253443%         2     89,528.46       0.125165%
        90-119 days             2    124,562.85        0.049869%         0          0.00       0.000000%
       120-149 days             0          0.00        0.000000%         0          0.00       0.000000%
       150-179 days             0          0.00        0.000000%         0          0.00       0.000000%
       180 days or more         0          0.00        0.000000%         0          0.00       0.000000%
           Total               64  3,183,108.77        1.274375%         9    416,880.50       0.582816%
</TABLE>

(vi)    Foreclosure, REO and Bankruptcy Information

<TABLE>
<CAPTION>
                                    Group 1                                    Group 2
                        --------------------------------------     ------------------------------------
                                                    % of Group                               % of Group
                         Count        Balance         Balance       Count      Balance        Balance
                        -------------------------------------------------------------------------------
<S>                     <C>     <C>                <C>            <C>        <C>           <C>
        Foreclosure             11    829,177.90        0.331966%         4  1,414,062.37       1.976918%
            REO                  0          0.00        0.000000%         0          0.00       0.000000%
        Bankruptcies             8    345,562.27        0.138348%         1     39,970.01       0.055880%
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
                                                                                           Group 1                  Group 2
                                                                                 ------------------------------------------------
<S>        <C>                                                                     <C>                       <C>
(vii)      Liquidation Loss Amount (Current Period)                                                   0.00                   0.00
           Liquidation Loss Amount (Cumulative)                                                       0.00                   0.00

           Cumulative Liquidation Loss:
           Percentage of Original Balance                                                             0.00%                  0.00%
           Percentage of Current Balance                                                              0.00%                  0.00%

(viii)     Six Month Rolling Pool Delinquency Rate                                                      NA                     NA

(ix)       Book Value of REO Properties                                                               0.00                   0.00

(x)        Draws: Policy                                                                              0.00
           Demand Note                                                                                0.00

(xi)       Accelerated                                                                          393,264.10             107,991.00
           Principal Distribution Amount

(xii)      Funds on deposit in the Reserve Fund (Beginning Period)                              575,491.40
           Reserve Fund Deposit                                                               1,002,510.20
           Reserve Fund Withdrawal                                                                    0.00
           Funds on deposit in the Reserve Fund (End of Period)                               1,578,001.60

(xiii)     Has an Event of Servicing Termination occurred?                                                            NO
           Has an Insurer Default occurred?                                                                           NO

(xiv)      Has the Managed Amortization period ended and the Rapid Amortization Period begun?                         NO

(xv)       Specified Overcollateralization Amount                                             6,127,879.23           1,746,357.27
           Overcollateralization Amount                                                         400,807.09                   0.00
</TABLE>
<PAGE>

                             RECONCILIATION REPORT

<TABLE>
<S>                   <C>                                       <C>
                                                                ISSUE DATE       :                        00-Jan-00
DEAL NAME:            GREENPOINT HOME EQUITY                    DISTRIBUTION DATE:                        15-Feb-01
                      LOAN TRUST 2000-2
                      Home Equity Loan                          DETERMINATION DATE                        00-Jan-00
                      Asset-Backed Securities,
                      Series 2000-2
                                                                RUN DATE:                                 06-Feb-01
                                                                                                        03:13:56 PM
</TABLE>

I.  CASH RECONCILIATION

<TABLE>
<CAPTION>
A.  Cash Available for Distribution                                         Group 1              Group 2               Total
                                                                      -------------------  -------------------  --------------------
<S>                                                                   <C>                  <C>                  <C>
Net Collections Interest Collections - per Servicer Report               $  2,513,001.84      $    708,308.18       $  3,221,310.02
Principal Collections - per Servicer Report                              $ 11,075,690.76      $  3,566,963.74       $ 14,642,654.50
Residual Advance                                                         $          0.00      $          0.00       $          0.00
Cash Released from Reserve Account                                       $          0.00      $          0.00       $          0.00
Additional Balances                                                       ($4,134,593.34)      ($1,938,109.20)       ($6,072,702.54)
----------------------                                               --------------------------------------------------------------
Total Deposit to Collection Account                                      $  9,454,099.26      $  2,337,162.72       $ 11,791,261.98
</TABLE>

<TABLE>
<CAPTION>

II.  DISTRIBUTION SUMMARY AND RECONCILIATION

A. Amounts Distributed:

Section 5.01
<S>                                                                     <C>                  <C>                  <C>
Trustee Fee                                                                $      1,991.39       $       553.40      $      2,544.79
Premium to Credit Enhancer                                                 $     34,289.38       $     9,838.86      $     44,128.24
Freddie Mac Guarantee Fee                                                  $     10,696.32       $         0.00      $     10,696.32
Investor Certificate Interest and Unpaid Investor Certificate Interest     $  1,286,232.44       $   373,942.93      $  1,660,175.37

Reserve Fund Deposit/(Withdrawal)                                          $    786,528.21       $   215,981.99      $  1,002,510.20

Class A Investor Certificate Principal Distributed                         $  7,334,361.52       $ 1,736,845.54      $  9,071,207.06
Management Fee                                                             $          0.00       $         0.00      $          0.00
Residual Payment                                                           $          0.00       $         0.00      $          0.00
                                                                       -------------------------------------------------------------

Total Distributions                                                        $  9,454,099.26       $ 2,337,162.72      $ 11,791,261.98

Difference (Remains in Collections Account)                                $          0.00       $         0.00      $          0.00
                                                                       =============================================================

Balance Reconciliation
----------------------
Loan Group Beginning Balance                                                256,719,214.52        73,157,481.82      $329,876,696.34
Loan Group Ending Balance                                                   249,778,117.10        71,528,627.28       321,306,744.38
                                                                       -------------------------------------------------------------
Change in Balance                                                             6,941,097.42         1,628,854.54      $  8,569,951.96
Principal Collections                                                        11,075,690.76         3,566,963.74      $ 14,642,654.50
Liquidation Loss Amount                                                               0.00                 0.00      $          0.00
Additional Balances                                                           4,134,593.34         1,938,109.20      $  6,072,702.54
                                                                       -------------------------------------------------------------
Balance Check                                                                       (0.00)               (0.00)               (0.00)
                                                                       =============================================================
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]