That is the live feed block, with wire coming from the coil .... the wires coming off it are to be grounded out at the off switch on the throttle control, as well as the on/off switch, and any other safety devices.
I remember one time on one of my freebies, I always open the belly pan outside by my shop, as I know what can be there, and low and behold, a couple mice scurry off into the underbrush .... It certainly gave the feral neighborhood cats some activity I assume ....
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