Carl Icahn Participates in Micro-Cap Kadus’ RO

(Market Cap $20M; Icahn owns 67.8%)

Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended by adding the following:
On June 6, 2014, the Reporting Persons acquired an aggregate of 12,563,840 Shares, at a price per Share of $1.53, upon exercise of the basic subscription rights and oversubscription rights allocated to the Reporting Persons in the rights offering conducted by the Issuer, which expired on May 29, 2014 (the “Rights Offering”).


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