On March 1, 2023, Charles L. Frischer sent a letter to Brent Morrison, The Chief Executive Officer and President of Regional Health Properties, Inc., response to the draft S-4 Registration Statement the Company filed on February 14, 2023. In such letter, Charles L. Frischer notified the Company of that he would not support the proposed exchange offer without the inclusion of additional change in control language to protect Series A Preferred holders in the event of a change in control transaction. Charles L. Frischer added that if the Company decide to not make his suggested changes, he will continue to fight for all of his rights as the preferred holder and likely the common stockholder.

Charles L. Frischer also stated that he is highly confident that without his support, this Exchange Offer would not be successful. Charles L. Frischer stated that he urges the Company and its Board to make the required changes and suggest the Company immediately move forward with the sale of the Company.