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When Thrand and Onund came to the Southern Islands they found there Ofeig Grettir and Thormod Shaft, with whom they became very friendly, for each thought the others had risen from the dead, their last meeting having been in Norway when the war was at its worst. Onund was very silent, and Thrand, when he noticed it, asked what was on his mind.

He had married Alof, the daughter of Ingolf of Ingolfsfjord, by whom he had a son named Flosi, a very promising young man with many friends. There came to that part of Iceland three brothers, named Ingolf, Ofeig, and Eyvind, and took the three fjords which are called by their names, where they lived. Eyvind had a son named Olaf. He at first lived at Eyvindsfjord, but went later to Drangar.

Bjorn was the name of a man who lived at Haganes in Fljot, a friend of Halldor of Hof, and the two held together in every dispute. Tungu-Steinn dwelt at Steinsstadir. He was the son of Bjorn, the son of Ofeig Thinbeard, the son of Crow-Hreidar, to whom Eirik of Guddal gave Tunga below Skalamyr. He was a man of renown.

Glum and Thordis had a son named Ospak who fell into a dispute with Odd the son of Ofeig, which is told of in the "Saga of the Banded Men." Grettir grew up at Bjarg until he was ten years old, when he began to develop a little. Asmund told him that he must do some work. Grettir said that would not suit him very well, but asked what he was to do. "You must mind the geese," said Asmund.

So Onund and his party returned to the Southern Islands, where they met many of their friends. There was a man named Ofeig, nicknamed Grettir. He was the son of Einar, the son of Olvir the Babyman. He was a brother of Oleif the Broad, the father of Thormod Shaft. Another son of Olvir was named Steinolf, the father of Una, whom Thorbjorn the Salmon-man married.

This was agreed to. Thorgrim and his brothers were to give up Reykjarfjord with all on that side, and were to keep Kamb. For Ofeig a large sum of money was paid, and Thorfinn was assessed at nothing at all; Thorgeir received compensation for the attack made upon his life, and all the parties were reconciled.

Ofeig was to give his daughter a portion in cash, for neither would reckon anything for his lands in Norway. Soon afterwards Thrand was betrothed to the daughter of Thormod Shaft. Both the maids were to remain plighted for three years. Then they went on fighting expeditions in the summer, remaining in the Barra Isles during the winter.

Ofeig had fled from the wrath of King Harald into the West over the sea, along with his kinsman Thormod Shaft and all their families. They ravaged far and wide in the western seas. Thrand and Onund Treefoot were going West to Ireland to join Thrand's brother, Eyvind the Easterner, who had command of the Irish defences.

Ondott said that he would hold the property on behalf of Thrand, who was his daughter's son. Grim then departed, having effected nothing by his claim. Thrand, when he heard of his father's death, prepared to leave the Hebrides, and Onund Treefoot decided to go with him. Ofeig Grettir and Thormod Shaft went to Iceland with all their belongings, landing at Eyrar in the South.

Olaf wounded Ofeig Grettir fatally, but Thorgeir carried him off and sprang on to his ship with him. The Kaldbak men rowed into the fjord and the two parties separated. The following verse was composed on these doings: "Hard were the blows which were dealt at Rifsker; no weapons they had but steaks of the whale. They belaboured each other with rotten blubber.