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Rolad is a dwarf living in the dwarven camp found on Ice Mountain. (Just to the right of where you reclaim your Dwarf multicannon) He plays a role in the quest Between a Rock.... In said quest, he helps the player construct a book of Dwarven lore.
Rolad is a scholar, and his name is almost the same as King Roald, the name of the line of kings of Misthalin.