KRS 355.3-117: Other agreements affecting instrument.

Subject to applicable law regarding exclusion of proof of contemporaneous or previous

agreements, the obligation of a party to an instrument to pay the instrument may be

modified, supplemented, or nullified by a separate agreement of the obligor and a pers on

entitled to enforce the instrument, if the instrument is issued or the obligation is incurred

in reliance on the agreement or as part of the same transaction giving rise to the

agreement. To the extent an obligation is modified, supplemented, or nullifi ed by an

agreement under this section, the agreement is a defense to the obligation.