Nice back rest!

 

Yup, thats my bet too.

 

Oxygen sensor connector. Follow one end to the exhaust header.

 

Kinudur valve.

 

That was my first thought, but mine is above the mount. If thats not it then I don't know.

 

Can't really tell with all the dirt, wash the bike and retake the picture.
Really we just want another pic of your avatar to look at.

 

As outlaw and king said, jiffy stand switch as I had the same question awhile back.
Location in relation to jiffy stand, the response I got from techs at dealership works for me.

 

As outlaw, king and aries state, jiffy stand switch for European models.