Kragg rode in a caravan with Ragni Ironhammer, heading from Hillsford to Greypoint, when they were attacked by a group of goblins. They fought the goblins off, but some of the goblins made off with Ragni’s small, ornate chest. After the ambush, Kragg saw a humanoid wearing a black cloak, riding a black horse, who rode off back in the direction of the goblins.
Ragni offered Kragg 50gp to retrieve it, so Kragg tracked the goblins to a nearby cave. Outside the cave, Kragg fought a small group of goblins and then decided that he would need more help to ransack the cave and find the chest.