Price of Excellence
DISCLAIMER: Your Steps and Tasks may be different
The drunken dwarf (the drunken dwarf inside the tavern in Jordheim, not the wandering one in the city) asks you to seek out a Lady of Loki. She is Gythja of Loki located in the Temple. Speak with her until she prompts you to
"speak his name". Ask her about Ulfgar.
She will give you a bit of the story and request you bring her some leather and some metal so she can bless them. She tells you not to bring her cheap metals or it will anger Loki. These can be obtained from the merchants in the nearby building. She returns to you a sack of blessed materials and instructs you to bring them to a smith (may be Dahn in
Audliten or the smith in Huginfel).
The smith will craft a amulet out of the materials and instruct you to take it to a Follower of Loki just north of Huginfel on an island. Loc is ~53k, 31k. Give her the amulet and hopefully Loki will except the offering. If she doesn't accept the gift you will have to go back to the Gythja of Loki in Jordheim and get another sack of blessed materials and continue from that point.
If the follower of Loki does accept the gift she will tell you where to find Ulfgar in Yggdra forest (aprox /loc 51110,12156). Ulfgar is a named Fenris Tracker located NW of our Relic Keep in Yggdra at loc=51110. 12156 loc.
Reward: Hammer of Black Ice.