Document:

<PAGE>

                                                                  EXHIBIT 10.25

                     AMENDMENT TO ASSET PURCHASE AGREEMENT
                  AND TERMINATION OF DEPOSIT ESCROW AGREEMENT

         This Amendment to Asset Purchase Agreement and Termination of
Deposit Escrow Agreement dated as of November 29, 2000 (this "AGREEMENT") is
made by and among:

         (i)   InterActive8, Inc., a New York corporation (the "PURCHASER");

         (ii)  Luminant Worldwide Corporation, a Delaware corporation
               ("LUMINANT");

         (iii) New York Consulting Partners, LLC, a limited liability company
               organized under the New York Limited Liability Company Law
               (the "SELLER"); and

         (iv)  Elizabeth Haas-Edersheim (as a Member and in her capacity as the
               Members' Representative), the Elizabeth A. H. Edersheim Year 2000
               Family Trust, Robert Allen, Gary Badrick, Joan Wilson and Frank
               Seldin (each a "MEMBER" and collectively, the "MEMBERS").

         WHEREAS, the parties hereto are parties to an Asset Purchase
Agreement dated as of May 31, 2000 (the "ASSET PURCHASE AGREEMENT") and a
Deposit Escrow Agreement dated as of June 22, 2000 (the "ESCROW AGREEMENT").

         WHEREAS, in connection with the transactions consummated pursuant to
the Asset Purchase Agreement: (a) the Seller and the Members agreed that they
would not sell, transfer or otherwise dispose of any Shares for a period of
six months following the Closing Date (subject to several exceptions), and
(b) the Seller placed the Escrowed Shares into escrow pursuant to the terms
of the Asset Purchase Agreement and the Escrow Agreement.

         WHEREAS, the parties hereto have agreed to, among other things: (a)
amend the Asset Purchase Agreement to delete the restriction in the Asset
Purchase Agreement referenced in clause (a) of the immediately preceding
"Whereas" clause, and (b) to release the Escrowed Shares being held in escrow
pursuant to Section 2.08 of the Asset Purchase Agreement and terminate the
Escrow Agreement relating thereto.

         NOW, THEREFORE, in consideration of the mutual covenants set forth
herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

         Section 1.  DEFINITIONS.  All capitalized terms used in this
Agreement but not otherwise defined herein or cross-referenced to another
agreement, shall have the meanings set forth in the Asset Purchase Agreement.

Amendment to Asset Purchase Agreement

                                  Page 1 of 6
<PAGE>

         Section 2.  AMENDMENTS TO ASSET PURCHASE AGREEMENT.  Pursuant to
Section 11.06 of the Asset Purchase Agreement, the parties hereto hereby
agree that the Asset Purchase Agreement shall be amended as of the date of
this Agreement as follows:

         (a)  Section 5.07 of the Asset Purchase Agreement is hereby amended
              as follows:

              (i)  The third sentence of Section 5.07 of the Asset Purchase
                   Agreement is hereby deleted in its entirety and, in its
                   place, shall be added the following language:

                   "In connection with any sale by the Seller or a Member
                   pursuant to clause (B) of the preceding sentence, the
                   Seller or such Member shall furnish to Luminant an opinion
                   of counsel reasonably satisfactory to Luminant to the
                   effect that such exemption from registration is available
                   in connection with such sale, except that no opinion shall
                   be required to be furnished to Luminant in connection with
                   transfers of Shares (x) by the Seller to any Member, (y)
                   pursuant to the Collar, or (z) pursuant to Rules 144, 144A
                   or 145 promulgated under the Securities Act. Notwithstanding
                   anything herein to the contrary, if a broker or dealer or
                   Luminant's transfer agent shall require an opinion of
                   counsel relating to the availability of the safe harbor
                   under Rule 145 or Rule 144, Seller shall cause its counsel
                   to furnish such opinion to the broker or dealer and/or
                   Luminant's transfer agent, as the case may be, or to
                   counsel for Luminant to be relied upon by such counsel in
                   rendering such opinion to the broker or dealer and/or
                   Luminant's transfer agent, as the case may be, and in such
                   event Luminant shall assist Seller to ascertain or confirm
                   factual matters relating to Luminant reasonably required
                   to obtain such an opinion."

              (ii) The requirement that any Share certificates bear the
                   following legends is hereby deleted in its entirety:

                   "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE
                   SUBJECT TO THE ESCROW AGREEMENT DATED AS OF JUNE 22, 2000
                   (THE "ESCROW AGREEMENT"), BY AND AMONG THE ISSUER, NEW
                   YORK CONSULTING PARTNERS, LLC, AMERICAN STOCK TRANSFER &
                   TRUST COMPANY AS ESCROW AGENT, AND ELIZABETH
                   HAAS-EDERSHEIM AS MEMBERS' REPRESENTATIVE."

                   "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE
                   SUBJECT TO CONTRACTUAL RESTRICTIONS ON TRANSFER PURSUANT
                   TO THAT CERTAIN ASSET PURCHASE AGREEMENT DATED AS OF MAY
                   31, 2000 (THE "ASSET PURCHASE AGREEMENT"), BY AND AMONG
                   THE ISSUER AND NEW YORK CONSULTING PARTNERS, LLC AND THE
                   OTHER SIGNATORIES THERETO.  YOU MAY OBTAIN A COPY OF THE
                   ASSET PURCHASE AGREEMENT BY CONTACTING THE SECRETARY OF
                   THE ISSUER."

Amendment to Asset Purchase Agreement

                                  Page 2 of 6
<PAGE>

         (b)  Section 8.06 of the Asset Purchase Agreement is hereby amended
by deleting such section in its entirety.  As a result of such deletion, such
Section 8.06 shall no longer have any force or effect whatsoever, and the
Seller and the Members shall be released and irrevocably discharged from any
and all obligations of any kind whatsoever pursuant to such Section 8.06.

         Section 3.  RELEASE OF ESCROWED SHARES.

         (a)  The Purchaser, Luminant, the Seller and the Members'
Representative on behalf of all of the Members, shall promptly send to the
Escrow Agent (such term, as used in this Agreement, shall have the meaning
set forth in the Escrow Agreement) joint written instructions executed by
each of them authorizing the Escrow Agent to release from escrow and deliver
to the Seller the Escrowed Funds (together with any stock powers signed by
the Seller with respect to the Escrowed Shares).

         (b)  Pursuant to Section 6.1(ii) of the Escrow Agreement, the
Purchaser and Luminant, on the one hand, and the Seller and the Members'
Representative on behalf of all Members, on the other hand, hereby terminate
the Escrow Agreement as of the date hereof and, in connection therewith,
except as expressly provided herein, such parties declare and acknowledge
that the terms, provisions, covenants and agreements set forth in the Escrow
Agreement are terminated as of the date hereof and are no longer of any force
or effect, and the Seller and the Members are hereby released and irrevocably
discharged from its and their obligations pursuant to the Escrow Agreement,
except that the rights and obligations under the Escrow Agreement pursuant to
(i) Section 4.2 thereof relating to "COMPENSATION", (ii) Article V relating
to "LIABILITIES AND INDEMNIFICATION OF ESCROW AGENT," and (iii) Section 7.9
relating to "MEMBERS' REPRESENTATIVE," shall survive the termination thereof
in accordance with their respective terms or as necessary to complete the
actions contemplated by this Agreement.

         (c)  The parties hereto acknowledge and agree that: (i) any and all
rights that the Purchaser and Luminant had, or may have had, in respect of
the Escrowed Shares and the deposit thereof into escrow pursuant to Sections
2.06(h), 2.08 and 7.11 of the Asset Purchase Agreement shall terminate as of
the date hereof and be of no further force or effect whatsoever, and (ii) the
Seller and the Members are hereby released and irrevocably discharged from
its and their obligations relating to the deposit of the Escrowed Shares in
escrow pursuant to Section 2.08 and the use of the Escrowed Shares for the
purposes contemplated by Section 2.06(h), 2.08 and 7.11 of the Asset Purchase
Agreement.

         Section 4.  REPLACEMENT SHARE CERTIFICATES.  Within five (5)
business days following the date that the Seller and the Members, on the one
hand, and the Escrow Agent, on the other hand, shall deliver to Luminant or
its transfer agent the certificates representing the Shares that have been
issued by Luminant pursuant to the Asset Purchase Agreement (including the
Escrowed Shares);, Luminant shall deliver those certificates to its transfer
agent and shall cause its transfer agent to promptly (and, in any event,
within five (5) business days after the date that the transfer agent receives
such certificates and all additional information, including opinions of
counsel, it shall require) issue replacement certificates therefore in form
and substance substantially equivalent to the certificates tendered for
replacement, provided, that, such replacement certificates and the
certificates issued in respect of the Escrowed Shares shall not bear the
legends waived pursuant to Section 2(a) of this Agreement.

         Section 5.  NO OTHER CHANGES.  Except as set forth in this
Agreement, the Asset Purchase Agreement shall not be amended by this
Agreement in any way and shall remain in full force and effect and binding
upon the parties thereto.

Amendment to Asset Purchase Agreement

                                  Page 3 of 6
<PAGE>

         Section 6.  FURTHER ASSURANCES.  The parties hereto covenant and
agree that each of them shall take, or cause to be taken, all such other
actions, and shall execute such other instruments, agreements or documents,
as may be necessary, proper or desirable to more fully effectuate the
provisions of this Agreement.

         Section 7.  GOVERNING LAW.  This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without
reference to principles of conflicts or choice of laws, or any other law that
would make the laws of any jurisdiction other than the State of New York
applicable hereto.

         Section 8.  COUNTERPARTS.  This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original, but all
of which shall constitute one and the same agreement.

                     [SIGNATURES APPEAR ON NEXT PAGE]

Amendment to Asset Purchase Agreement

                                  Page 4 of 6
<PAGE>

         IN WITNESS WHEREOF, each of the parties has caused this Agreement to
be executed on its behalf by its respective officer thereunto duly
authorized, all as of the day and year first above written.

                               INTERACTIVE8, INC.

                               By: /s/ THOMAS G. BEVIVINO
                                  ----------------------------------------------
                                   Name: Thomas G. Bevivino
                                   Title: Chief Financial Officer

                               LUMINANT WORLDWIDE CORPORATION

                               By: /s/ THOMAS G. BEVIVINO
                                  ----------------------------------------------
                                   Name: Thomas G. Bevivino
                                   Title: Chief Financial Officer

                               NEW YORK CONSULTING PARTNERS, LLC

                               By:
                                  ----------------------------------------------
                                   Name:
                                   Title:

                               /s/ Elizabeth Haas-Edersheim
                               -------------------------------------------------
                               ELIZABETH HAAS-EDERSHEIM

                               /s/ Robert Allen
                               -------------------------------------------------
                               ROBERT ALLEN

                               /s/ Gary Badrick
                               -------------------------------------------------
                               GARY BADRICK

                               /s/ Joan Wilson
                               -------------------------------------------------
                               JOAN WILSON

                               -------------------------------------------------
                               FRANK SELDIN

                               ELIZABETH A. H. EDERSHEIM YEAR 2000 FAMILY TRUST

                               By: /s/ Elizabeth Haas-Edersheim
                                  ----------------------------------------------
                                   Name: Elizabeth Haas-Edersheim
                                   Title:

Amendment to Asset Purchase Agreement

                                  Page 5 of 6<PAGE>

                       MORGAN STANLEY SELECT EQUITY TRUST
                   STRATEGIC GROWTH LARGE-CAP PORTFOLIO 2001-2
                            REFERENCE TRUST AGREEMENT

          This Reference Trust Agreement dated April 18, 2001 between MORGAN
STANLEY DW INC., as Depositor, and The Chase Manhattan Bank, as Trustee, sets
forth certain provisions in full and incorporates other provisions by reference
to the document entitled "Sears Equity Investment Trust, Trust Indenture and
Agreement" dated January 22, 1991, as amended on March 16, 1993, July 18, 1995
and December 30, 1997 (the "Basic Agreement"). Such provisions as are
incorporated by reference constitute a single instrument (the "Indenture").

                                WITNESSETH THAT:

          In consideration of the premises and of the mutual agreements herein
contained, the Depositor and the Trustee agree as follows:

                                       I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

          Subject to the provisions of Part II hereof, all the provisions
contained in the Basic Agreement are herein incorporated by reference in their
entirety and shall be deemed to be a part of this instrument as fully and to the
same extent as though said provisions had been set forth in full in this
instrument except that the Basic Agreement is hereby amended in the following
manner:

          A.   Article I, Section 1.01, paragraph (29) defining "Trustee" shall
     be amended as follows:

     "'Trustee' shall mean The Chase Manhattan Bank, or any successor trustee
          appointed as hereinafter provided."

          B.   Reference to United States Trust Company of New York in its
     capacity as Trustee is replaced by The Chase Manhattan Bank throughout the
     Basic Agreement.

<PAGE>
                                      -2-

          C.   Reference to "Morgan Stanley Dean Witter Select Equity Trust" is
     replaced by "Morgan Stanley Select Equity Trust".

          D.   Section 3.01 is amended to substitute the following:

               SECTION 3.01. INITIAL COST The costs of organizing the Trust and
          sale of the Trust Units shall, to the extent of the expenses
          reimbursable to the Depositor provided below, be borne by the Unit
          Holders, PROVIDED, HOWEVER, that, to the extent all of such costs are
          not borne by Unit Holders, the amount of such costs not borne by Unit
          Holders shall be borne by the Depositor and, PROVIDED FURTHER,
          HOWEVER, that the liability on the part of the Depositor under this
          section shall not include any fees or other expenses incurred in
          connection with the administration of the Trust subsequent to the
          deposit referred to in Section 2.01. Upon notification from the
          Depositor that the primary offering period is concluded, the Trustee
          shall withdraw from the Account or Accounts specified in the
          Prospectus or, if no Account is therein specified, from the Principal
          Account, and pay to the Depositor the Depositor's reimbursable
          expenses of organizing the Trust and sale of the Trust Units in an
          amount certified to the Trustee by the Depositor. If the balance of
          the Principal Account is insufficient to make such withdrawal, the
          Trustee shall, as directed by the Depositor, sell Securities
          identified by the Depositor, or distribute to the Depositor Securities
          having a value, as determined under Section 4.01 as of the date of
          distribution, sufficient for such reimbursement. The reimbursement
          provided for in this section shall be for the account of the
          Unitholders of record at the conclusion of the primary offering period
          and shall not be reflected in the computation of the Unit Value prior
          thereto. As used herein, the Depositor's reimbursable expenses of
          organizing the Trust and sale of the Trust Units shall include the
          cost of the initial preparation and typesetting of the registration
          statement, prospectuses (including preliminary prospectuses), the
          indenture, and other documents relating to the Trust, SEC and state
          blue sky registration fees, the cost of the ini-

<PAGE>
                                      -3-

          tial valuation of the portfolio and audit of the Trust, the initial
          fees and expenses of the Trustee, and legal and other out-of-pocket
          expenses related thereto, but not including the expenses incurred in
          the printing of preliminary prospectuses and prospectuses, expenses
          incurred in the preparation and printing of brochures and other
          advertising materials and any other selling expenses. Any cash which
          the Depositor has identified as to be used for reimbursement of
          expenses pursuant to this Section shall be reserved by the Trustee for
          such purpose and shall not be subject to distribution or, unless the
          Depositor otherwise directs, used for payment of redemptions in excess
          of the per-Unit amount allocable to Units tendered for redemption.

          E.   Reference to "Dean Witter Reynolds Inc." is replaced by "Morgan
     Stanley DW Inc."

          F.   Section 2.03 is amended to add the following to the end of the
     first paragraph thereof. The number of Units may be increased through a
     split of the Units or decreased through a reverse split thereof, as
     directed by the Depositor, which revised number of Units shall be recorded
     by Trustee on its books.

                                       II.

                      SPECIAL TERMS AND CONDITIONS OF TRUST

          The following special terms and conditions are hereby agreed to:

          A.   The Trust is denominated Morgan Stanley Select Equity Trust
     Strategic Growth Large-Cap Portfolio 2001-2 (the "Strategic Growth Trust").

          B.   The publicly traded stocks listed in Schedule A hereto are those
     which, subject to the terms of this Indenture, have been or are to be
     deposited in trust under this Indenture.

<PAGE>
                                      -4-

          C.   The term, "Depositor" shall mean Morgan Stanley DW Inc.

          D.   The aggregate number of Units referred to in Sections 2.03 and
     9.01 of the Basic Agreement is 25,159 for the Strategic Growth Trust.

          E.   A Unit is hereby declared initially equal to 1/25,159th for the
     Strategic Growth Trust.

          F.   The term "In-Kind Distribution Date" shall mean July 2, 2002.

          G.   The term "Record Dates" shall mean December 1, 2001 and July 23,
     2002 and such other date as the Depositor may direct.

          H.   The term "Distribution Dates" shall mean December 15, 2001 and on
     or about July 30, 2002 and such other date as the Depositor may direct.

          I.   The term "Termination Date" shall mean July 23, 2002.

          J.   The Depositor's Annual Portfolio Supervision Fee shall be a
     maximum of $0.25 per 100 Units.

          K.   The Trustee's annual fee as defined in Section 6.04 of the
     Indenture shall be $0.90 per 100 Units if the greatest number of Units
     outstanding during the period is 10,000,000 or more; $0.96 per 100 Units if
     the greatest number of Units outstanding during the period is between
     5,000,000 and 9,999,999; and $1.00 per 100 Units if the greatest number of
     Units outstanding during the period is 4,999,999 or less.

          L.   For a Unit Holder to receive an "in--kind" distribution during
     the life of the Trust, such Unit Holder must tender at least 25,000 Units
     for redemption. There is no minimum amount of Units that a Unit Holder must
     tender in order to receive an "in-kind" distribution on the In-Kind Date or
     in connection with a rollover.

          M.   Paragraph (b)(ii) of Section 9.03 is amended to provide that the
     period during which the Trustee shall liquidate the Trust Securities shall
     not exceed 14 business days commencing on the first business day following
     the In-Kind Date.

<PAGE>
                                      -5-

                  (Signatures and acknowledgments on separate pages)

<PAGE>
                                      -6-

          The Schedule of Portfolio Securities in the prospectus included in
this Registration Statement is hereby incorporated by reference herein as
Schedule A hereto.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]