This is a logo sticker with the letters cut out for Kawasaki. It's a sticker from about 40 years ago, so there are some scratches and discoloration. There are no folds! Please check the photos. The area circled in the second photo is not cut out. Non-smoker, no pets, no odors. #Kawasaki #kawasaki #Motocross #Bike #Bike Accessories #Sticker #Kawasaki Sticker Manufacturer...Kawasaki Type of equipment...Other