Kartoon Studios Amends Bylaws, Restricts Shareholder Rights

Key Highlights

• Bylaw Amendments adopted by the Board, effective July 1, 2026.
• Eliminated stockholders' ability to act by written consent; all actions require a duly called meeting.
• Special meetings can now only be called by a majority resolution of the Board, not by stockholders.
• Stockholder list inspection rights limited to those meeting Nevada Revised Statutes 78.105 requirements.
• Chairman of stockholder meetings granted broad authority over meeting conduct and adjournments.
• Adopted indemnification agreements for directors and executive officers, providing contractual rights to indemnification and expense advancement.