It doesn't look like it's removable?
As a fairly large Punisher fan I'd like to point out that it wasn't Frank Castle (The Punisher) who used the knock-off. It was Howard Saint's right-hand man, Quentin Glass. Glass used the knock-off multitool pliers to rip out Dave's face piercings.Duh.
A little OT here but I was watching Mission Impossible today. In the beginning Emeilio Estevez was using a SOG multitool to cut the wires in the elevator before he gets killed. Has anyone else ever noticed this?