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On page 22 of the manual there is some German text. What does it say?

Platforms: XBOX 360®, PlayStation®3
Title: Two Worlds II

Left, Up, and Right on the directional pad – Switch between and assign different HotSwappable Equipment Sets. Assigned Equipment Sets are indicated by one of 3 different gold dragon bezels. Once these sets have been assigned, players can quickly HotSwap Equipment Sets during active gameplay.