Kartoon Studios amends bylaws to restrict stockholder rights, adopt indemnification agreements

Kartoon Studios, Inc.

Bylaw amendments eliminate stockholder ability to act by written consent; all actions must be at meetings.
Special meetings can only be called by board majority; stockholders cannot call or request meetings.
Board becomes classified into two classes with staggered terms; vacancies filled solely by remaining directors.
Stockholder amendments to bylaws require 66-2/3% supermajority vote.
Company adopts form of indemnification agreement for directors and officers, providing contractual rights to indemnification and expense advancement.

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