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Can be disassembled.

Static Charge
Places a charged shield on a target unit, when that unit is damaged, there is a 20% chance that lightning will strike the source of the damage and 2 nearby enemies
Lightning deals 200 magical damage, the damage source and secondary targets cannot be more than 900 range away, the 3 targets hit must be in a cone with 125 starting AoE, 475 distance and 300 final AoE
Cannot trigger more than once per second
Will have no effect if cast on a unit that already has a Static Charge active on it
Double clicking on the item will cast Static Charge on yourself
Lasts 20 seconds, costs 50 mana, has a 35 second cooldown, and 600 cast range

Chain Lightning
Gives a 25% chance on attack to release a Chain Lightning that hits several units
Hits 8 units, dealing 160 magical damage to each, 500 bounce range
Orb effect on regular attacks, orb effect and buff placer on proc

Clicking the item will toggle True Strike on and off

True Strike
Prevents your attacks from missing (except due to exceeding Movement Buffer Range on melee units)
Interferes with some attack modifiers on ranged units

Mini-Bash
Gives a 35% chance to bash on attacks
Deals 100 bonus damage and stuns for 0.01 seconds

Armor Bonus
Gives +2 armor to allied units in a 700 AoE
Lasts 25 seconds on heroes, 30 seconds on units, costs 10 mana, and has a 25 second cooldown

Buy recipe to upgrade (3 levels)

Demonic Summoning
Summons a Necronomicon Warrior and a Necronomicon Archer to fight for you, their strength and abilities are dependant on the Necronomicon's level
Lasts 35 seconds, costs 50 mana, and has a 80 second cooldown
Necronomicon Warrior has 25/50/75 mana Feedback, level 3 Necronomicon Warrior has a 1000 AoE True Sight
Necronomicon Archer 125/175/225 mana Mana Burn, with a 20 second cooldown, and a +3%/+6%/+9% movement and attack speed aura with 900 AoE
Full stats of the Necronomicon Warrior and Necronomicon Archer can be found on the Unit Statistics page

Maximum stock of 2 in store
Store stock takes 6 minutes to replenish
Stacks with itself in inventory
2 charges

Place Ward
Places an Observer Ward to give sight of the surrounding area
Observer Ward has 1600 vision, 200 HP, and is invisible
Observer Ward lasts 6 minutes

Buyable from Goblin Laboratory

Poison attack
Lasts 4 seconds
Deals 3 damage per second
Slows for 4%(ranged hero)/12%(melee hero)
Buff placer

Soul Burn
Silences a target unit and amplifies the damage it takes by 25%
Amplified damage is dealt at the end of the duration as magical damage
Lasts 5 seconds, costs 100 mana, has a 18 second cooldown, and a 900 cast range

Can be disassembled

Movement speed bonus does not stack with other boots (Boots of Speed, Power Treads, Boots of Travel, Arcane Boots, Phase Boots, Tranquil Boots)

Phase
Gives 16% movement speed bonus and lets you move through units
Using items or abilities cancels Phase
Lasts 4 seconds, has a 8 second cooldown

Buyable from Goblin Laboratory