Belt of Battle

This leather belt bears a platinum buckle set with three small black pearls. 
A belt of battle helps you avoid being caught off guard in combat and allows occasional bursts of extra activity.
Property:  While worn, it grants you a +2 competence bonus on initiative checks. This is a continuous effect and requires no activation.
In addition, a belt of battle has 3 charges, which are renewed each day at dawn.
Each time you activate the belt, one of the black pearls set into its buckle turns white. The pearls return to normal when the ring’s charges renew. Spending 1 or more charges grants you an extra action, which must be taken immediately (before you take any other action).
*1 charge: 1 move action.
*2 charges: 1 standard action.
*3 charges: 1 full-round action.