Lord Myou, a very old wizard, has spent almost his entire life in search of a fabled dragon’s treasure. After finally finding what he believes to be the secret entrance to its lair, he enlists the help of three inexperienced adventurers. Milo Thorngage, Chuck Orcfoe, and Ulin Trayborn explore the cave’s depths and find much more than the remnants of an ancient treasure.

The trio encounters a new and strange creature that they have never seen nor read anything about. Further investigation reveals that someone, or something is turning these creatures into some sort of demon-hybrid. The group must now decide to chase the treasure or find out why these hybrid creations are being made.

The group eventually finds themselves at the home of a Master Necromancer named Silineas. Silineas tells them of a demon he let loose on the world by accident, whom he calls Sepeth. The necromancer lies to them and tries to subtly turn them against Lord Myou and his friends. Not knowing who to believe, Milo, Chuck, and Ulin carry on in search of the “real” truth, knowing that they can only put their trust into each other.

Along the way back to Lord Myou’s residence, they learn of an assassination plot against them, but by whom they don’t know. Silineas? Lord Myou? Someone else they’ve encountered since leaving their homes?

Upon arriving back to the village where the journey began, they are hired by a one, Master Butry. Butry is the area’s Merchant’s Guild Master. He employees them to make some “deliveries” and a few other odd jobs. During this time, they find out the Merchant’s Guild is involved in weapons trading and slavery. One of the Lord Myou’s staff members is kidnapped and in fact is being sold at the next slave auction. They must figure out how to save her without getting caught by Butry.

While waiting for Lord Myou to return from a Wizard Council meeting, Chuck, Milo, and Ulin encounter the demon, Sepeth.