Common use of HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY Clause in Contracts

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 Reports by Trustee 29 Section 7.4 Reports by the Issuers and the Guarantor 29 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 Supplemental Indentures without Consent of Holders 32 Section 9.2 Supplemental Indentures with Consent of Holders 33 Section 9.3 Execution of Supplemental Indentures 34 Section 9.4 Effect of Supplemental Indentures 34 Section 9.5 Conformity with Trust Indenture Act 34 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 Payment of Principal, Premium, if any, and Interest 34 Section 10.2 Maintenance of Office or Agency 34 Section 10.3 Money for Securities Payments To Be Held in Trust 35 Section 10.4 Statement as to Compliance; Notice of Certain Defaults 35 ARTICLE 11 REDEMPTION OF SECURITIES 36 Section 11.1 Applicability of Article 36 Section 11.2 Election to Redeem; Notice to Trustee 36 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 Section 11.5 Deposit of Redemption Price 37 Section 11.6 Securities Payable on Redemption Date 37 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To SECTION 701. Company to Furnish Trustee Names and Addresses 62 SECTION 702. Disclosure of Names and Addresses of Holders 29 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 62 SECTION 703. Reports by Trustee 29 Section 7.4 Reports by the Issuers and the Guarantor 29 62 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT MERGER, CONSOLIDATION OR SALE OF ALL OR SUBSTANTIALLY ALL ASSETS SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms 62 SECTION 802. Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms 63 SECTION 803. Successor Substituted 64 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 Supplemental Indentures without INDENTURES SECTION 901. Amendments or Supplements Without Consent of Holders 32 Section 9.2 Supplemental Indentures 65 SECTION 902. Amendments, Supplements or Waivers with Consent of Holders 33 Section 9.3 66 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 Amendments, Supplements or Waivers 67 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 Amendments, Supplements or Waivers 67 SECTION 905. Conformity with Trust Indenture Act 34 Section 9.6 67 SECTION 906. Reference in Securities Notes to Supplemental Indentures 34 67 SECTION 907. Notice of Supplemental Indentures 67 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if anyAny, and Interest 34 Section 10.2 67 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 67 SECTION 1003. Money for Securities Notes Payments To to Be Held in Trust 35 Section 10.4 68 SECTION 1004. Corporate Existence 69 SECTION 1005. Payment of Taxes and Other Claims 69 SECTION 1006. Maintenance of Properties 69 SECTION 1007. Insurance 69 SECTION 1008. Statement by Officers as to Compliance; Notice Default 70 SECTION 1009. Reports and Other Information 70 SECTION 1010. Limitation on Restricted Payments 71 SECTION 1011. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock 76 SECTION 1012. Limitation on Liens 80 SECTION 1013. Limitations on Transactions with Affiliates 81 SECTION 1014. Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 82 SECTION 1015. Limitation on Guarantees of Indebtedness by Restricted Subsidiaries 83 SECTION 1016. [INTENTIONALLY DELETED] 85 SECTION 1017. Change of Control 85 SECTION 1018. Asset Sales 86 SECTION 1019. Waiver of Certain Defaults 35 Covenants 90 SECTION 1020. Further Assurances and After-Acquired Property 90 SECTION 1021. Information Regarding Collateral 90 Page SECTION 1022. Impairment of Security Interest 91 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 NOTES SECTION 1101. Right of Redemption 91 SECTION 1102. Applicability of Article 36 Section 11.2 92 SECTION 1103. Election to Redeem; Notice to Trustee 36 Section 11.3 92 SECTION 1104. Selection by Trustee of Securities To Notes to Be Redeemed 36 Section 11.4 92 SECTION 1105. Notice of Redemption 36 Section 11.5 92 SECTION 1106. Deposit of Redemption Price 37 Section 11.6 Securities 93 SECTION 1107. Notes Payable on Redemption Date 37 Section 11.7 Securities 93 SECTION 1108. Notes Redeemed in Part 37 94 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).TWELVE

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 46 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 46 Section 7.2 602 Preservation of Information; Communications to Holders 29 46 Section 7.3 603 Reports by Trustee 29 47 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 47 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 48 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 48 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 49 ARTICLE VIII SUPPLEMENTAL INDENTURES 49 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 49 ii Section 9.2 802 Supplemental Indentures with Consent of Holders 33 50 Section 9.3 803 Execution of Supplemental Indentures 34 51 Section 9.4 804 Effect of Supplemental Indentures 34 51 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 51 Section 806 Effect on Senior Indebtedness 52 Section 807 Conformity with Trust Indenture Act 34 52 ARTICLE IX COVENANTS 52 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 52 Section 10.2 902 Maintenance of Office or Agency 34 52 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 53 Section 10.4 904 Corporate Existence 54 Section 905 Maintenance of Properties 54 Section 906 Waiver of Certain Covenants 55 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 55 ARTICLE 11 X REDEMPTION OF SECURITIES 36 55 Section 11.1 1001 Applicability of Article 36 55 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 55 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 56 Section 11.4 1004 Notice of Redemption 36 56 Section 11.5 1005 Deposit of Redemption Price 37 57 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 57 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 58 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 58 Section 12.1 Applicability 1101 Agreement to Subordinate 58 Section 1102 Distribution of Article 38 Assets 59 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 61 Section 1104 No Impairment 61 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 61 Section 12.3 Redemption 1106 Notice to Trustee 62 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 62 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 63 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions 1109 Subordination Not Applicable to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trustee Compensation 63 CROSS-REFERENCE TABLE Trust Indenture Act Section Indenture Section § §310 (a)(1) 6.9 508 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable 508 (a)(5) 6.9 500 (x) 000, 000 §000 (a) 505 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 505 §312 (a) 7.1, 7.2(a) 601 (b) 7.2(b) 602 (c) 7.2(c) § 602 §313 (a) 7.3(a) (b)(1) Not Applicable 603 (b)(2) 7.3(a) 603 (c) 7.3(a) 603 (d) 7.3(b) § 603 §314 (a) 7.4; 10.4(a604 (a)(4) (b) Not Applicable 907 (c)(1) 1.2 102 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable 102 (e) 1.2 § 102 §315 (a) 6.1(a) 501,502 (b) 6.2 503 (c) 6.1(b) 501 (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) 501,502 (e) 5.14 § 413 §316 (a) 1.1 (last sentence) 101 (a)(1)(A) 5.2, 5.12 402,411 (a)(1)(B) 5.13 411,412 (b) 407 (c) 104 §317 (a)(1)( 402 (a)(2) Not Applicable 403 (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 903 §318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. 107 (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).b) 107

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 49 Section 7.1 Issuers To 7.01. Company to Furnish Trustee Names and Addresses of Holders 29 49 Section 7.2 7.02. Preservation of Information; Communications to Holders 29 49 Section 7.3 7.03. Reports by Trustee 29 49 Section 7.4 7.04. Reports by the Issuers and the Guarantor 29 Company 50 ARTICLE 8 GUARANTEE 30 VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 50 Section 8.1 Guarantee 30 8.01. Company May Consolidate, Etc., Only on Certain Terms 50 Section 8.2 No Waiver 31 8.02. Successor Substituted 51 ARTICLE IX SUPPLEMENTAL INDENTURES 51 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 9.01. Supplemental Indentures without Without Consent of Holders 32 51 Section 9.2 9.02. Supplemental Indentures with With Consent of Holders 33 52 Section 9.3 9.03. Execution of Supplemental Indentures 34 54 Section 9.4 9.04. Effect of Supplemental Indentures 34 54 Section 9.5 9.05. Conformity with Trust Indenture Act 34 54 Section 9.6 9.06. Reference in Securities to Supplemental Indentures 34 54 ARTICLE 10 X COVENANTS 34 54 Section 10.1 10.01. Payment of Principal, Premium, if any, Premium and Interest 34 54 Section 10.2 10.02. Maintenance of Office or Agency 34 55 Section 10.3 10.03. Money for Securities Payments To to Be Held in Trust 35 55 Section 10.4 10.04. Corporate Existence 56 Section 10.05. Statement by Officers as to Compliance; Notice Default 56 Section 10.06. Waiver of Certain Defaults 35 Covenants 57 Section 10.07. Calculation of Original Issue Discount 57 ARTICLE 11 XI REDEMPTION OF SECURITIES 36 57 Section 11.1 11.01. Applicability of Article 36 57 Section 11.2 11.02. Election to Redeem; Notice to Trustee 36 58 Section 11.3 11.03. Selection by Trustee of Securities To to Be Redeemed 36 58 Section 11.4 11.04. Notice of Redemption 36 59 Section 11.5 11.05. Deposit of Redemption Price 37 59 Section 11.6 11.06. Securities Payable on Redemption Date 37 60 Section 11.7 11.07. Securities Redeemed in Part 37 60 ARTICLE 12 XII SINKING FUNDS 38 60 Section 12.1 12.01. Applicability of Article 38 60 Section 12.2 12.02. Satisfaction of Sinking Fund Payments with Securities 38 61 Section 12.3 12.03. Redemption of Securities for Sinking Fund 38 61 ARTICLE 13 LEGAL XIII DEFEASANCE AND COVENANT DEFEASANCE 38 61 Section 13.1 Issuers’ 13.01. Company’s Option to Effect Legal Defeasance or Covenant Defeasance 38 61 Section 13.2 Legal 13.02. Defeasance and Discharge 39 62 Section 13.3 13.03. Covenant Defeasance 39 62 Section 13.4 13.04. Conditions to Legal Defeasance or Covenant Defeasance 39 63 Section 13.5 13.05. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 64 Section 13.6 13.06. Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act 65 ARTICLE XIV GUARANTEES 65 Section Indenture 14.01. Guarantees 65 ARTICLE XV SECURITY 68 Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture15.01. Security 68 INDENTURE, dated as of May 24[ ], 2017among RUTH’S HOSPITALITY GROUP, between CTR Partnership, L.P. (the “Partnership”)INC., a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association duly organized and existing under the laws of Delaware (herein called the United States of America“Company”), having its principal office at 000 Xxxxxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, the Guarantors (as defined hereinafter), each having its principal office at 000 Xxxxxxxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Trustee (herein called the “Trustee”).

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 47 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 47 Section 7.2 602 Preservation of Information; Communications to Holders 29 47 Section 7.3 603 Reports by Trustee 29 47 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 48 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 49 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 49 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 49 ARTICLE VIII SUPPLEMENTAL INDENTURES 50 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 50 ii Section 9.2 802 Supplemental Indentures with Consent of Holders 33 51 Section 9.3 803 Execution of Supplemental Indentures 34 52 Section 9.4 804 Effect of Supplemental Indentures 34 52 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 52 Section 806 Effect on Senior Indebtedness 52 Section 807 Conformity with Trust Indenture Act 34 52 ARTICLE IX COVENANTS 53 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 53 Section 10.2 902 Maintenance of Office or Agency 34 53 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 54 Section 10.4 904 Corporate Existence 55 Section 905 Maintenance of Properties 55 Section 906 Waiver of Certain Covenants 55 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 55 ARTICLE 11 X REDEMPTION OF SECURITIES 36 56 Section 11.1 1001 Applicability of Article 36 56 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 56 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 56 Section 11.4 1004 Notice of Redemption 36 57 Section 11.5 1005 Deposit of Redemption Price 37 58 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 58 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 59 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 59 Section 12.1 Applicability 1101 Agreement to Subordinate 59 Section 1102 Distribution of Article 38 Assets 59 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 62 Section 1104 No Impairment 62 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 62 Section 12.3 Redemption 1106 Notice to Trustee 63 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 63 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 64 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 1109 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 64

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 46 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 46 Section 7.2 602 Preservation of Information; Communications to Holders 29 47 Section 7.3 603 Reports by Trustee 29 47 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 47 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 48 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 48 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 49 ARTICLE VIII SUPPLEMENTAL INDENTURES 49 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 49 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 50 Section 9.3 803 Execution of Supplemental Indentures 34 51 Section 9.4 804 Effect of Supplemental Indentures 34 52 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 52 Section 806 Effect on Senior Indebtedness 52 Section 807 Conformity with Trust Indenture Act 34 52 ARTICLE IX COVENANTS 52 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 52 Section 10.2 902 Maintenance of Office or Agency 34 53 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 53 Section 10.4 904 Corporate Existence 54 Section 905 Maintenance of Properties 55 Section 906 Waiver of Certain Covenants 55 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 55 ARTICLE 11 X REDEMPTION OF SECURITIES 36 55 Section 11.1 1001 Applicability of Article 36 55 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 56 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 56 Section 11.4 1004 Notice of Redemption 36 56 Section 11.5 1005 Deposit of Redemption Price 37 57 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 58 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 58 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 59 Section 12.1 Applicability 1101 Agreement to Subordinate 59 Section 1102 Distribution of Article 38 Assets 59 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 61 Section 1104 No Impairment 61 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 62 Section 12.3 Redemption 1106 Notice to Trustee 62 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 63 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 63 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 1109 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 63

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 47 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 6.01 Holder Lists. 47 Section 7.2 6.02 Preservation of Information; Communications to Holders 29 Holders. 47 Section 7.3 6.03 Reports by Trustee 29 Trustee. 47 Section 7.4 6.04 Reports by the Issuers and the Guarantor 29 Company. 47 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 48 Section 8.1 Guarantee 30 7.01 Merger, Consolidation or Sale of All or Substantially All Assets. 48 Section 8.2 No Waiver 31 7.02 Successor Person Substituted for Company. 49 ARTICLE VIII SUPPLEMENTAL INDENTURES 49 {N4515371.5}123157889v4 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 8.01 Supplemental Indentures without Consent of Holders 32 Holders. 49 Section 9.2 8.02 Supplemental Indentures with Consent of Holders 33 Holders. 50 Section 9.3 8.03 Execution of Supplemental Indentures 34 Indentures. 51 Section 9.4 8.04 Effect of Supplemental Indentures 34 Indentures. 51 Section 9.5 8.05 Reference in Subordinated Notes to Supplemental Indentures. 51 Section 8.06 Effect on Senior Indebtedness. 51 Section 8.07 Conformity with Trust Indenture Act 34 Act. 52 ARTICLE IX COVENANTS 52 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 9.01 Payment of Principal, Premium, if any, Principal and Interest 34 Interest. 52 Section 10.2 9.02 Maintenance of Office or Agency 34 Office. 52 Section 10.3 9.03 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 Trust. 53 Section 10.4 9.04 Corporate Existence. 53 Section 9.05 Maintenance of Properties. 54 Section 9.06 Waiver of Certain Covenants. 54 Section 9.07 Company Statement as to Compliance; Notice of Certain Defaults 35 . 54 Section 9.08 Tier 2 Capital. 54 ARTICLE 11 X REDEMPTION OF SECURITIES 36 55 Section 11.1 10.01 Applicability of Article 36 Article. 55 Section 11.2 10.02 Election to Redeem; Notice to Trustee 36 Trustee. 55 Section 11.3 10.03 Selection by Trustee of Securities To Be Redeemed 36 Subordinated Notes to be Redeemed. 55 Section 11.4 10.04 Notice of Redemption 36 Redemption. 56 Section 11.5 10.05 Deposit of Redemption Price 37 Price. 57 Section 11.6 Securities 10.06 Subordinated Notes Payable on Redemption Date 37 Date. 57 Section 11.7 Securities 10.07 Subordinated Notes Redeemed in Part 37 Part. 57 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 58 Section 12.1 Applicability 11.01 Agreement to Subordinate. 58 Section 11.02 Distribution of Article 38 Assets. 58 Section 12.2 Satisfaction 11.03 Default With Respect to Senior Indebtedness. 60 Section 11.04 No Impairment. 60 Section 11.05 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions. 61 Section 12.3 Redemption 11.06 Notice to Trustee. 61 Section 11.07 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness. 61 Section 13.1 Issuers’ Option 11.08 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee. 62 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 11.09 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the IndentureTrustee Compensation. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).62 {N4515371.5}123157889v4

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 46 Section 7.1 Issuers To Company to Furnish Trustee Names and Addresses of Holders 29 46 Section 7.2 Preservation of Information; Communications to Holders 29 46 Section 7.3 Reports by Trustee 29 46 Section 7.4 Reports by the Issuers and the Guarantor 29 Company 46 ARTICLE 8 GUARANTEE 30 VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 47 Section 8.1 Guarantee 30 Company May Consolidate, etc., Only on Certain Terms 47 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 Successor Substituted 48 ARTICLE 9 IX SUPPLEMENTAL INDENTURE 32 INDENTURES 48 Section 9.1 Supplemental Indentures without Without Consent of Holders 32 48 Section 9.2 Supplemental Indentures with Consent of Holders 33 49 Section 9.3 Execution of Supplemental Indentures 34 49 Section 9.4 Effect of Supplemental Indentures 34 50 Section 9.5 Conformity with Trust Indenture Act 34 50 Section 9.6 Reference in Securities to Supplemental Indentures 34 50 Section 9.7 Subordination Unimpaired 50 ARTICLE 10 X COVENANTS 34 50 Section 10.1 Payment of Principal, Premium, if any, Premium and Interest 34 50 Section 10.2 Maintenance of Office or Agency 34 50 Section 10.3 Money for Securities Payments To Be to be Held in Trust 35 51 Section 10.4 Statement by Officers as to Compliance; Notice Default 51 Section 10.5 Existence 52 Section 10.6 Maintenance of Certain Defaults 35 Properties 52 ARTICLE 11 XI REDEMPTION OF SECURITIES 36 52 Section 11.1 Applicability of Article 36 Section 11.2 Election to Redeem; Notice to Trustee 36 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 Section 11.5 Deposit of Redemption Price 37 Section 11.6 Securities Payable on Redemption Date 37 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 52 TABLE OF CONTENTS (a)(1continued) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Page

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 31 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 6.1 Holders’ Lists; holder Communications; Disclosure Respecting Holders. 31 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 6.2 Reports by Trustee 29 31 Section 7.4 6.3 Reports by the Issuers and the Guarantor 29 Company 32 ARTICLE 8 GUARANTEE 30 VII. CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 32 Section 7.1 Company May Consolidate, etc., Only on Certain Terms 32 Section 7.2 Successor Substituted 33 ARTICLE VIII. SUPPLEMENTAL INDENTURES 33 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 Supplemental Indentures without Without Consent of Holders 32 33 Section 9.2 8.2 Supplemental Indentures with Consent of Holders 33 35 Section 9.3 8.3 Execution of Supplemental Indentures 34 36 Section 9.4 Effect 8.4 Effects of Supplemental Indentures 34 36 Section 9.5 8.5 Conformity with Trust Indenture Act 34 36 Section 9.6 Reference 8.6 References in Securities to Supplemental Indentures 34 36 Section 8.7 Notice of Supplemental Indentures 36 ARTICLE 10 IX. COVENANTS 34 37 Section 10.1 9.1 Payment of Principal, Premium, if any, and Interest 34 37 Section 10.2 9.2 Maintenance of Office or Agency 34 37 Section 10.3 9.3 Money for Securities Security Payments To to Be Held in Trust 35 37 Section 10.4 9.4 Corporate Existence 38 Section 9.5 Statement by Officers as to Compliance; Notice Default 39 Section 9.6 Waiver of Certain Defaults 35 Covenants 39 Section 9.7 Additional Amounts 39 ARTICLE 11 X. REDEMPTION OF SECURITIES 36 40 Section 11.1 Applicability of Article 36 Section 11.2 Election to Redeem; 10.1 Notice to Trustee 36 40 Section 11.3 10.2 Selection by Trustee of Securities To to Be Redeemed 36 40 Section 11.4 10.3 Notice of Redemption 36 41 Section 11.5 10.4 Deposit of Redemption Price 37 42 Section 11.6 10.5 Securities Payable on Redemption Date 37 42 Section 11.7 10.6 Securities Redeemed in Part 37 42 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL XI. DEFEASANCE AND COVENANT DEFEASANCE 38 42 Section 13.1 Issuers’ 11.1 Company’s Option to Effect Legal Defeasance or of Covenant Defeasance 38 42 Section 13.2 Legal 11.2 Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).43 Page

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 46 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 6.01 Holder Lists 46 Section 7.2 6.02 Preservation of Information; Communications to Holders 29 46 Section 7.3 6.03 Reports by Trustee 29 47 Section 7.4 6.04 Reports by the Issuers and the Guarantor 29 Company 47 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 48 Section 8.1 Guarantee 30 7.01 Merger, Consolidation or Sale of All or Substantially All Assets 48 Section 8.2 No Waiver 31 7.02 Successor Person Substituted for Company 49 ARTICLE VIII SUPPLEMENTAL INDENTURES 49 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 8.01 Supplemental Indentures without Consent of Holders 32 49 Section 9.2 8.02 Supplemental Indentures with Consent of Holders 33 50 Section 9.3 8.03 Execution of Supplemental Indentures 34 50 Section 9.4 8.04 Effect of Supplemental Indentures 34 51 Section 9.5 8.05 Reference in Subordinated Notes to Supplemental Indentures 51 Section 8.06 Effect on Senior Indebtedness 51 Section 8.07 Conformity with Trust Indenture Act 34 51 ARTICLE IX COVENANTS 51 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 9.01 Payment of Principal, Premium, if any, Principal and Interest 34 51 Section 10.2 9.02 Maintenance of Office or Agency 34 52 Section 10.3 9.03 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 52 Section 10.4 9.04 Corporate Existence 53 Section 9.05 Maintenance of Properties 53 Section 9.06 Waiver of Certain Covenants 54 Section 9.07 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 54 Section 9.08 Tier 2 Capital 54 ARTICLE 11 X REDEMPTION OF SECURITIES 36 54 Section 11.1 10.01 Applicability of Article 36 Section 11.2 Election to Redeem; Notice to Trustee 36 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 Section 11.5 Deposit of Redemption Price 37 Section 11.6 Securities Payable on Redemption Date 37 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).54

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 53 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 53 Section 7.2 602 Preservation of Information; Communications to Holders 29 53 Section 7.3 603 Reports by Trustee 29 53 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 54 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 55 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 55 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 56 ARTICLE VIII SUPPLEMENTAL INDENTURES 56 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 56 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 57 Section 9.3 803 Execution of Supplemental Indentures 34 58 Section 9.4 804 Effect of Supplemental Indentures 34 58 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 58 Section 806 Effect on Senior Indebtedness 58 Section 807 Conformity with Trust Indenture Act 34 59 ARTICLE IX COVENANTS 59 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 59 Section 10.2 902 Maintenance of Office or Agency 34 59 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 60 Section 10.4 904 Corporate Existence 61 Section 905 Maintenance of Properties 61 Section 906 Waiver of Certain Covenants 61 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 62 Section 908 Tier 2 Capital 62 ARTICLE 11 X REDEMPTION OF SECURITIES 36 62 Section 11.1 1001 Applicability of Article 36 62 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 63 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 63 Section 11.4 1004 Notice of Redemption 36 63 Section 11.5 1005 Deposit of Redemption Price 37 64 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 65 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 65 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 65 Section 12.1 Applicability 1101 Agreement to Subordinate 65 Section 1102 Distribution of Article 38 Assets 66 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 68 Section 1104 No Impairment 68 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 69 Section 12.3 Redemption 1106 Notice to Trustee 69 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 70 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 70 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 1109 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 70

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To 44 SECTION 701 Company to Furnish Trustee Names and Addresses of Holders 29 Section 7.2 44 SECTION 702 Preservation of Information; Communications to Holders 29 Section 7.3 44 SECTION 703 Reports by Trustee 29 Section 7.4 44 SECTION 704 Reports by the Issuers Company and the Guarantor 29 Subsidiary Guarantors 44 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 45 SECTION 801 Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms 45 SECTION 802 Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms 45 SECTION 803 Successor Substituted 46 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES 46 SECTION 901 Supplemental Indentures without Without Consent of Holders 32 Section 9.2 46 SECTION 902 Supplemental Indentures with With Consent of Holders 33 Section 9.3 47 SECTION 903 Execution of Supplemental Indentures 34 Section 9.4 48 SECTION 904 Effect of Supplemental Indentures 34 Section 9.5 48 SECTION 905 Conformity with Trust Indenture Act 34 Section 9.6 48 SECTION 906 Reference in Securities to Supplemental Indentures 34 48 ARTICLE 10 TEN COVENANTS 34 Section 10.1 49 SECTION 1001 Payment of Principal, Premium, if any, Premium and Interest 34 Section 10.2 49 SECTION 1002 Maintenance of Office or Agency 34 Section 10.3 49 SECTION 1003 Money for Securities Payments To to Be Held in Trust 35 Section 10.4 49 SECTION 1004 Statement by Officers as to Compliance; Notice Default 50 SECTION 1005 Existence 50 SECTION 1006 Maintenance of Properties 50 SECTION 1007 Payment of Taxes and Other Claims 50 SECTION 1008 Maintenance of Insurance 50 SECTION 1009 Waiver of Certain Defaults 35 Covenants 50 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 51 SECTION 1101 Applicability of Article 36 Section 11.2 51 SECTION 1102 Election to Redeem; Notice to Trustee 36 Section 11.3 51 SECTION 1103 Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 51 SECTION 1104 Notice of Redemption 36 Section 11.5 52 SECTION 1105 Deposit of Redemption Price 37 Section 11.6 52 SECTION 1106 Securities Payable on Redemption Date 37 Section 11.7 52 SECTION 1107 Securities Redeemed in Part 37 52 ARTICLE 12 SINKING FUNDS 38 Section 12.1 TWELVE [INTENTIONALLY OMITTED] 53 ARTICLE THIRTEEN SUBSIDIARY GUARANTEES 53 SECTION 1301 Applicability of Article 38 Section 12.2 Satisfaction 53 SECTION 1302 Subsidiary Guarantees 53 SECTION 1303 Execution and Delivery of Sinking Fund Payments with Securities 38 Section 12.3 Redemption Subsidiary Guarantees 54 SECTION 1304 Release of Securities for Sinking Fund 38 Subsidiary Guarantors 55 SECTION 1305 Additional Subsidiary Guarantors 55 SECTION 1306 Limitation on Liability 55 ARTICLE 13 LEGAL FOURTEEN [INTENTIONALLY OMITTED] 56 ARTICLE FIFTEEN DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ 56 SECTION 1501 Company’s Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal 56 SECTION 1502 Defeasance and Discharge 39 Section 13.3 56 SECTION 1503 Covenant Defeasance 39 Section 13.4 56 SECTION 1504 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 57 SECTION 1505 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 59 SECTION 1506 Reinstatement 59 ARTICLE SIXTEEN SINKING FUNDS 60 SECTION 1601 Applicability of Article 60 SECTION 1602 Satisfaction of Sinking Fund Payments with Securities 60 SECTION 1603 Redemption of Securities for Sinking Fund 60 GULFPORT ENERGY CORPORATION RECONCILIATION AND TIE OF CERTAIN SECTIONS OF THIS INDENTURE RELATING TO SECTIONS 310 THROUGH 318, INCLUSIVE, OF THE TRUST INDENTURE ACT OF 1939: TRUST INDENTURE ACT SECTION INDENTURE SECTION Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1310(a)(1) 6.9 609 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).609

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 53 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 53 Section 7.2 602 Preservation of Information; Communications to Holders 29 53 Section 7.3 603 Reports by Trustee 29 53 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 54 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 55 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 55 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 56 ARTICLE VIII SUPPLEMENTAL INDENTURES 56 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 56 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 57 Section 9.3 803 Execution of Supplemental Indentures 34 58 Section 9.4 804 Effect of Supplemental Indentures 34 58 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 58 Section 806 Effect on Senior Indebtedness 58 Section 807 Conformity with Trust Indenture Act 34 59 ARTICLE IX COVENANTS 59 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 59 Section 10.2 902 Maintenance of Office or Agency 34 59 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 60 Section 10.4 904 Corporate Existence 61 Section 905 Maintenance of Properties 61 Section 906 Waiver of Certain Covenants 61 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 62 ARTICLE 11 X REDEMPTION OF SECURITIES 36 62 Section 11.1 1001 Applicability of Article 36 62 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 63 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 63 Section 11.4 1004 Notice of Redemption 36 63 Section 11.5 1005 Deposit of Redemption Price 37 64 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 64 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 65 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 65 Section 12.1 Applicability 1101 Agreement to Subordinate 65 Section 1102 Distribution of Article 38 Assets 66 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 68 Section 1104 No Impairment 68 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 69 Section 12.3 Redemption 1106 Notice to Trustee 69 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 70 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 70 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 1109 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 70

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To 48 SECTION 701 Company to Furnish Trustee Names and Addresses of Holders 29 Section 7.2 Holders. 48 SECTION 702 Preservation of Information; Communications to Holders 29 Section 7.3 Holders. 48 SECTION 703 Reports by Trustee 29 Section 7.4 Trustee. 48 SECTION 704 Reports by the Issuers Company and the Guarantor 29 Subsidiary Guarantors. 49 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 49 SECTION 801 Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms. 49 SECTION 802 Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms. 50 SECTION 803 Successor Substituted. 50 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES 51 SECTION 901 Supplemental Indentures without Without Consent of Holders 32 Section 9.2 Holders. 51 SECTION 902 Supplemental Indentures with With Consent of Holders 33 Section 9.3 Holders. 52 SECTION 903 Execution of Supplemental Indentures 34 Section 9.4 Indentures. 53 SECTION 904 Effect of Supplemental Indentures 34 Section 9.5 Indentures. 53 SECTION 905 Conformity with Trust Indenture Act 34 Section 9.6 Act. 53 SECTION 906 Reference in Securities to Supplemental Indentures 34 Indentures. 53 ARTICLE 10 TEN COVENANTS 34 Section 10.1 54 SECTION 1001 Payment of Principal, Premium, if any, Premium and Interest 34 Section 10.2 Interest. 54 SECTION 1002 Maintenance of Office or Agency 34 Section 10.3 Agency. 54 SECTION 1003 Money for Securities Payments To to Be Held in Trust 35 Section 10.4 Trust. 54 SECTION 1004 Statement by Officers as to Compliance; Notice Default. 55 SECTION 1005 Existence. 55 SECTION 1006 Maintenance of Properties. 55 SECTION 1007 Payment of Taxes and Other Claims. 56 SECTION 1008 Maintenance of Insurance. 56 SECTION 1009 Waiver of Certain Defaults 35 Covenants. 56 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 57 SECTION 1101 Applicability of Article 36 Section 11.2 Article. 57 SECTION 1102 Election to Redeem; Notice to Trustee 36 Section 11.3 Trustee. 57 SECTION 1103 Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 Redeemed. 57 SECTION 1104 Notice of Redemption 36 Section 11.5 Redemption. 58 SECTION 1105 Deposit of Redemption Price 37 Section 11.6 Price. 58 SECTION 1106 Securities Payable on Redemption Date 37 Section 11.7 Date. 58 SECTION 1107 Securities Redeemed in Part 37 Part. 58 ARTICLE 12 SINKING FUNDS 38 Section 12.1 TWELVE SUBORDINATION OF SECURITIES 59 SECTION 1201 Applicability of Article 38 Section 12.2 Satisfaction Article. 59 SECTION 1202 Securities Subordinate to Senior Debt. 59 SECTION 1203 Payment Over of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8Proceeds Upon Dissolution, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part Etc. 59 SECTION 1204 No Payment When Senior Debt of the IndentureCompany in Default. INDENTURE, dated as 60 SECTION 1205 Payment Permitted If No Default. 61 SECTION 1206 Subrogation to Rights of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws Holders of Senior Debt of the United States Company. 62 SECTION 1207 Provisions Solely to Define Relative Rights. 62 SECTION 1208 Trustee to Effectuate Subordination. 62 SECTION 1209 No Waiver of America, Subordination Provisions. 62 SECTION 1210 Notice to Trustee. 63 SECTION 1211 Reliance on Judicial Order or Certificate of Liquidating Agent. 64 SECTION 1212 Trustee Not Fiduciary for Holders of Senior Debt of the Company. 64 SECTION 1213 Rights of Trustee as Trustee (Holder of Senior Debt of the “Company; Preservation of Trustee”).’s Rights. 64 SECTION 1214 Article Applicable to Paying Agents. 64 SECTION 1215 Defeasance of this Article Twelve. 64 ARTICLE THIRTEEN SUBSIDIARY GUARANTEES 65 SECTION 1301 Applicability of Article. 65 SECTION 1302 Subsidiary Guarantees. 65 SECTION 1303 Execution and Delivery of Subsidiary Guarantees. 67 SECTION 1304 Release of Subsidiary Guarantors. 67 SECTION 1305 Additional Subsidiary Guarantors. 68 SECTION 1306 Limitation on Liability. 68

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 50 SECTION 7.1 Issuers To Company to Furnish Trustee Names and Addresses of Holders 29 Section 50 SECTION 7.2 Preservation Disclosure of Information; Communications to Names and Addresses of Holders 29 Section 50 SECTION 7.3 Reports by Trustee 29 Section 50 SECTION 7.4 Reports by the Issuers Company and the Guarantors 51 ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 51 SECTION 8.1 Company or Any Guarantor 29 May Consolidate, etc., Only on Certain Terms 51 SECTION 8.2 Successor Substituted 53 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 IX SUPPLEMENTAL INDENTURE 32 Section INDENTURES 54 SECTION 9.1 Supplemental Indentures and Agreements without Consent of Holders 32 Section 54 SECTION 9.2 Supplemental Indentures and Agreements with Consent of Holders 33 Section 55 SECTION 9.3 Execution of Supplemental Indentures 34 Section and Agreements 56 SECTION 9.4 Effect of Supplemental Indentures 34 Section 56 SECTION 9.5 Conformity with Trust Indenture Act 34 Section 56 SECTION 9.6 Reference in Securities to Supplemental Indentures 34 56 TABLE OF CONTENTS Page ARTICLE 10 X COVENANTS 34 Section 57 SECTION 10.1 Payment of Principal, Premium, if any, Premium and Interest 34 Section 57 SECTION 10.2 Maintenance of Office or Agency 34 Section 57 SECTION 10.3 Money for Securities Security Payments To to Be Held in Trust 35 Section 57 SECTION 10.4 Corporate Existence 59 SECTION 10.5 Payment of Taxes and Other Claims 59 SECTION 10.6 Maintenance of Properties 59 SECTION 10.7 Insurance 60 SECTION 10.8 Statement by Officers as to Compliance; Notice Default 60 SECTION 10.9 Waiver of Certain Defaults 35 Covenants 60 ARTICLE 11 XI REDEMPTION OF SECURITIES 36 Section 61 SECTION 11.1 Rights of Redemption 61 SECTION 11.2 Applicability of Article 36 Section 11.2 61 SECTION 11.3 Election to Redeem; Notice to Trustee 36 Section 11.3 61 SECTION 11.4 Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 61 SECTION 11.5 Notice of Redemption 36 Section 11.5 62 SECTION 11.6 Deposit of Redemption Price 37 Section 11.6 63 SECTION 11.7 Securities Payable on Redemption Date 37 Section 11.7 63 SECTION 11.8 Securities Redeemed or Purchased in Part 37 63 ARTICLE 12 SINKING FUNDS 38 Section XII SATISFACTION AND DISCHARGE 64 SECTION 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section of Indenture 64 SECTION 12.2 Application of Trust Money 65 ARTICLE XIII GUARANTEE 65 SECTION 13.1 Guarantors’ Guarantee 65 SECTION 13.2 Continuing Guarantee; No Right of Set-Off; Independent Obligation 65 SECTION 13.3 Covenant Defeasance 39 Section Guarantee Absolute 66 SECTION 13.4 Conditions Right to Legal Defeasance or Covenant Defeasance 39 Section Demand Full Performance 68 SECTION 13.5 Deposited Money Waivers 68 SECTION 13.6 The Guarantors Remain Obligated in Event the Company Is No Longer Obligated to Discharge Indenture Obligations 69 SECTION 13.7 Fraudulent Conveyance; Contribution Subrogation 69 SECTION 13.8 Guarantee Is in Addition to Other Security 70 SECTION 13.9 Release of Security Interests 70 SECTION 13.10 No Bar to Further Actions 70 SECTION 13.11 Failure to Exercise Rights Shall Not Operate as a Waiver; No Suspension of Remedies 70 SECTION 13.12 Trustee’s Duties; Notice to Trustee 71 SECTION 13.13 Successors and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Assigns 71 SECTION 13.14 Release of Guarantee 71 SECTION 13.15 Execution of Guarantee 72 Reconciliation and tie ties between Trust Indenture Act of 1939 1939, as amended, and Indenture Indenture, dated as of April 15, 2004. Trust Indenture Act Section Indenture Section § Section(s) (S)(S) 310 (a)(1) 6.9 6.8 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 6.8 (b) 6.86.7, 6.10 § 6.9 (S)(S) 311 (a) 6.13 6.12 (bS)(S) 6.13 § 312 (a) 7.1, 7.2(a) 7.1 (b) 7.2(b) 7.2 (c) 7.2(c7.2 (S)(S) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) 7.3 (c) 7.3(a7.3, 7.4 (S)(S) (d) 7.3(b) § 314 (a) 7.4; 10.4(a7.4 (a)(4) (b) Not Applicable 10.8 (c)(1) 1.2 1.3, 1.4, 4.4, 11.3 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable 1.3, 1.4, 4.4, 11.3 (e) 1.2 § 1.3 (S)(S) 315 (a) 6.1(a) 6.2, 9.3 (b) 6.2 6.1 (c) 6.1(b) 6.2 (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) 6.2 (e) 5.14 § (S)(S) 316 (aa)(last sentence) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d1.5 (S)(S) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § (S)(S) 318 (a) 1.8 NoteNOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the this Indenture. INDENTURE, dated as of May 24April 15, 20172004, between CTR PartnershipCapital Automotive REIT, L.P. a real estate investment trust organized under the laws of the State of Maryland (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “GuarantorCompany”), and Xxxxx Wxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee trustee (the “Trustee”).

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To 701. Company to Furnish Trustee Names and Addresses of Holders 29 69 Section 7.2 702. Preservation of Information; Communications to Holders 29 69 Section 7.3 703. Reports by Trustee 29 69 Section 7.4 704. Reports by the Issuers and the Guarantor 29 Company 70 ARTICLE 8 GUARANTEE 30 EIGHT CONSOLIDATION, MERGER AND SALES Section 8.1 Guarantee 30 801. Company May Consolidate, Etc, 71 Section 8.2 No Waiver 31 802. Successor Person Substituted for Company 71 ARTICLE NINE SUPPLEMENTAL INDENTURES Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 901. Supplemental Indentures without Consent of Holders 32 72 Section 9.2 902. Supplemental Indentures with Consent of Holders 33 74 Section 9.3 903. Execution of Supplemental Indentures 34 76 Section 9.4 904. Effect of Supplemental Indentures 34 76 Section 9.5 Conformity with Trust Indenture Act 34 Section 9.6 905. Reference in Securities to Supplemental Indentures 34 76 Section 906. Conformity with Trust Indenture Act 76 ARTICLE 10 TEN COVENANTS 34 Section 10.1 1001. Payment of Principal, Premium, if any, Interest and Interest 34 Additional Amounts 77 Section 10.2 1002. Maintenance of Office or Agency 34 77 Section 10.3 1003. Money for Securities Payments To to Be Held in Trust 35 78 Section 10.4 1004. Additional Amounts 80 Section 1005. Legal Existence 81 Section 1006. Waiver of Certain Covenants 81 Section 1007. Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 81 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 1101. Applicability of Article 36 81 Section 11.2 1102. Election to Redeem; Notice to Trustee 36 82 Section 11.3 1103. Selection by Trustee of Securities To Be to be Redeemed 36 82 Section 11.4 1104. Notice of Redemption 36 83 Section 11.5 1105. Deposit of Redemption Price 37 85 Section 11.6 1106. Securities Payable on Redemption Date 37 85 Section 11.7 1107. Securities Redeemed in Part 37 86 ARTICLE 12 TWELVE SINKING FUNDS 38 Section 12.1 1201. Applicability of Article 38 87 Section 12.2 1202. Satisfaction of Sinking Fund Payments with Securities 38 87 Section 12.3 1203. Redemption of Securities for Sinking Fund 38 88 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 1301. Applicability of Article 88 ARTICLE FOURTEEN SECURITIES IN FOREIGN CURRENCIES Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act 1401. Applicability of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Article 89 ARTICLE FIFTEEN

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 53 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 53 Section 7.2 602 Preservation of Information; Communications to Holders 29 53 Section 7.3 603 Reports by Trustee 29 53 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 54 ARTICLE 8 GUARANTEE 30 VII SUCCESSORS 55 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 55 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 56 ARTICLE VIII SUPPLEMENTAL INDENTURES 56 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 56 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 57 Section 9.3 803 Execution of Supplemental Indentures 34 58 Section 9.4 804 Effect of Supplemental Indentures 34 58 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 58 Section 806 Effect on Senior Indebtedness 58 Section 807 Conformity with Trust Indenture Act 34 59 ARTICLE IX COVENANTS 59 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Principal and Interest 34 59 Section 10.2 902 Maintenance of Office or Agency 34 59 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 60 Section 10.4 904 Corporate Existence 61 Section 905 Maintenance of Properties 61 Section 906 Waiver of Certain Covenants 61 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 62 Section 908 Tier 2 Capital 62 ARTICLE 11 X REDEMPTION OF SECURITIES 36 62 Section 11.1 1001 Applicability of Article 36 62 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 62 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 63 Section 11.4 1004 Notice of Redemption 36 63 Section 11.5 1005 Deposit of Redemption Price 37 64 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 64 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 65 ARTICLE 12 SINKING FUNDS 38 XI SUBORDINATION OF SECURITIES 65 Section 12.1 Applicability 1101 Agreement to Subordinate 65 Section 1102 Distribution of Article 38 Assets 66 Section 12.2 Satisfaction 1103 Default With Respect to Senior Indebtedness 68 Section 1104 No Impairment 68 Section 1105 Effectuation of Sinking Fund Payments with Securities 38 Subordination Provisions 69 Section 12.3 Redemption 1106 Notice to Trustee 69 Section 1107 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Senior Indebtedness 69 Section 13.1 Issuers’ Option 1108 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Trustee 70 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) 1109 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 70

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 Reports by Trustee 29 Section 7.4 Reports by the Issuers and the Guarantor 29 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 Supplemental Indentures without Consent of Holders 32 Section 9.2 Supplemental Indentures with Consent of Holders 33 Section 9.3 Execution of Supplemental Indentures 34 Section 9.4 Effect of Supplemental Indentures 34 Section 9.5 Conformity with Trust Indenture Act 34 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 Payment of Principal, Premium, if any, and Interest 34 Section 10.2 Maintenance of Office or Agency 34 Section 10.3 Money for Securities Payments To Be Held in Trust 35 Section 10.4 Statement as to Compliance; Notice of Certain Defaults 35 ARTICLE 11 REDEMPTION OF SECURITIES 36 Section 11.1 Applicability of Article 36 Section 11.2 Election to Redeem; Notice to Trustee 36 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 Section 11.5 Deposit of Redemption Price 37 Section 11.6 Securities Payable on Redemption Date 37 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 39 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder Lists 39 Section 7.2 602 Preservation of Information; Communications to Holders 29 39 Section 7.3 603 Reports by Trustee 29 40 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 40 ARTICLE 8 GUARANTEE 30 VII. SUCCESSORS 41 Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 41 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 42 ARTCLE VIII. SUPPLEMENTAL INDENTURES 42 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 42 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 43 Section 9.3 803 Execution of Supplemental Indentures 34 44 Section 9.4 804 Effect of Supplemental Indentures 34 44 Section 9.5 805 Reference in Senior Notes to Supplemental Indentures 44 ii Section 806 Conformity with Trust Indenture Act 34 45 ARTICLE IX. COVENANTS 45 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Premium and Interest 34 45 Section 10.2 902 Maintenance of Office or Agency 34 45 Section 10.3 903 Money for Securities Senior Notes Payments To to Be Held in Trust 35 45 Section 10.4 Statement as to Compliance; Notice 904 Corporate Existence 46 Section 905 Maintenance of Properties 47 Section 906 Waiver of Certain Defaults 35 Covenants 47 Section 907 Company Statement a to Compliance 47 ARTICLE 11 X. REDEMPTION OF SECURITIES 36 47 Section 11.1 1001 Applicability of Article 36 47 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 47 Section 11.3 1003 Selection by Trustee of Securities To Be Senior Notes to be Redeemed 36 48 Section 11.4 1004 Notice of Redemption 36 48 Section 11.5 1005 Deposit of Redemption Price 37 49 Section 11.6 Securities 1006 Senior Notes Payable on Redemption Date 37 50 Section 11.7 Securities 1007 Senior Notes Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture 50 CROSS-REFERENCE TABLE Trust Indenture Act Section Indenture Section § §310 (a)(1) 6.9 508 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable 508 (a)(5) 6.9 508 (b) 6.8, 6.10 § 509 §311 (a) 6.13 505 (b) 6.13 § 505 §312 (a) 7.1, 7.2(a) 601 (b) 7.2(b) 602 (c) 7.2(c) § 602 §313 (a) 7.3(a) (b)(1) Not Applicable 603 (b)(2) 7.3(a) 603 (c) 7.3(a) 603 (d) 7.3(b) § 603 §314 (a) 7.4; 10.4(a604 (a)(4) (b) Not Applicable 907 (c)(1) 1.2 102 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable 102 (e) 1.2 § 102 §315 (a) 6.1(a) 501, 502 (b) 6.2 503 (c) 6.1(b) 501 (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) 501, 502 (e) 5.14 § 413 §316 (a) 1.1 (last sentence) 101 (a)(1)(A) 5.2402, 5.12 411 (a)(1)(B) 5.13 (a)(2) Not Applicable 411, 412 (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).407

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 41 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 601 Holder List 41 Section 7.2 602 Preservation of Information; Communications to Holders 29 41 Section 7.3 603 Reports by Trustee 29 42 Section 7.4 604 Reports by the Issuers and the Guarantor 29 Company 42 ARTICLE 8 GUARANTEE 30 VII. SUCCESSORS 43 ii Section 8.1 Guarantee 30 701 Merger, Consolidation or Sale of All or Substantially All Assets 43 Section 8.2 No Waiver 31 702 Successor Person Substituted for Company 44 ARTICLE VIII. SUPPLEMENTAL INDENTURES 44 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 Section 9.1 801 Supplemental Indentures without Consent of Holders 32 44 Section 9.2 802 Supplemental Indentures with Consent of Holders 33 45 Section 9.3 803 Execution of Supplemental Indentures 34 46 Section 9.4 804 Effect of Supplemental Indentures 34 46 Section 9.5 805 Reference in Subordinated Notes to Supplemental Indentures 46 Section 806 Effect on Senior Indebtedness 47 Section 807 Conformity with Trust Indenture Act 34 47 ARTICLE IX. COVENANTS 47 Section 9.6 Reference in Securities to Supplemental Indentures 34 ARTICLE 10 COVENANTS 34 Section 10.1 901 Payment of Principal, Premium, if any, Premium and Interest 34 47 Section 10.2 902 Maintenance of Office or Agency 34 47 Section 10.3 903 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 47 Section 10.4 904 Corporate Existence 48 Section 905 Maintenance of Properties 49 Section 906 Waiver of Certain Covenants 49 Section 907 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 49 ARTICLE 11 X. REDEMPTION OF SECURITIES 36 49 Section 11.1 1001 Applicability of Article 36 49 Section 11.2 1002 Election to Redeem; Notice to Trustee 36 50 Section 11.3 1003 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 50 Section 11.4 1004 Notice of Redemption 36 50 Section 11.5 1005 Deposit of Redemption Price 37 51 Section 11.6 Securities 1006 Subordinated Notes Payable on Redemption Date 37 52 Section 11.7 Securities 1007 Subordinated Notes Redeemed in Part 37 52 ARTICLE 12 SINKING FUNDS 38 XI. SUBORDINATION 53 Section 12.1 Applicability 1101 Agreement to Subordinate 53 Section 1102 Trustee Knowledge of Article 38 Senior Indebtedness 53 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 1103 Senior Indebtedness to Trustee 53 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option 1104 Subordination Not Applicable to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trustee Compensation 53 CROSS-REFERENCE TABLE Trust Indenture Act Section Indenture Section § §310 (a)(1) 6.9 508 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable 508 (a)(5) 6.9 508 (b) 6.8, 6.10 § 509 §311 (a) 6.13 505 (b) 6.13 § 505 §312 (a) 7.1, 7.2(a) 601 (b) 7.2(b) 602 (c) 7.2(c) § 602 §313 (a) 7.3(a) (b)(1) Not Applicable 603 (b)(2) 7.3(a) 603 (c) 7.3(a) 603 (d) 7.3(b) § 603 §314 (a) 7.4; 10.4(a604 (a)(4) (b) Not Applicable 907 (c)(1) 1.2 102 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable 102 (e) 1.2 § 102 §315 (a) 6.1(a) 501, 502 (b) 6.2 503 (c) 6.1(b) 501 (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) 501, 502 (e) 5.14 § 413 §316 (a) 1.1 (last sentence) 101 (a)(1)(A) 5.2402, 5.12 411 (a)(1)(B) 5.13 (a)(2) Not Applicable 411, 412 (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).407

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Furnish Trustee SECTION 701. Disclosure of Names and Addresses of Holders 29 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 1 SECTION 702. Reports by Trustee 29 Section 7.4 1 SECTION 703. Reports by the Issuers and the Guarantor 29 Company 1 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms 1 SECTION 802. Successor Person Substituted 1 SECTION 803. Securities To Be Secured in Certain Events 1 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES SECTION 901. Supplemental Indentures without Without Consent of Holders 32 Section 9.2 1 SECTION 902. Supplemental Indentures with With Consent of Holders 33 Section 9.3 1 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 1 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 1 SECTION 905. Conformity with Trust Indenture Act 34 Section 9.6 1 SECTION 906. Reference in Securities to Supplemental Indentures 34 1 SECTION 907. Notice of Supplemental Indentures 1 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if any, and Interest 34 Section 10.2 1 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 1 SECTION 1003. Money for Securities Payments To to Be Held in Trust 35 Section 10.4 1 SECTION 1004. Statement as to Compliance; Notice Compliance 1 Page SECTION 1005. Corporate Existence 1 SECTION 1006. Negative Pledge 1 SECTION 1007. Limitation on Sale/Leaseback Transactions 1 SECTION 1008. Waiver of Certain Defaults 35 Covenants 1 SECTION 1009. Change of Control Offer. 1 SECTION 1010. Limitation on Debt of Subsidiaries. 1 SECTION 1011. Additional Subsidiary Guarantees. 1 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 SECTION 1101. Applicability of Article 36 Section 11.2 1 SECTION 1102. Election to Redeem; Notice to Trustee 36 Section 11.3 1 SECTION 1103. Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 1 SECTION 1104. Notice of Redemption 36 Section 11.5 1 SECTION 1105. Deposit of Redemption Price 37 Section 11.6 1 SECTION 1106. Securities Payable on Redemption Date 37 Section 11.7 1 SECTION 1107. Securities Redeemed in Part 37 1 ARTICLE 12 SINKING FUNDS 38 Section 12.1 TWELVE [RESERVED] ARTICLE THIRTEEN REPAYMENT AT OPTION OF HOLDERS SECTION 1301. Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption 1 SECTION 1302. Repayment of Securities 1 SECTION 1303. Exercise of Option 1 SECTION 1304. When Securities Presented for Sinking Fund 38 Repayment Become Due and Payable 1 SECTION 1305. Securities Repaid in Part 1 ARTICLE 13 LEGAL FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ SECTION 1401. Company’s Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal 1 SECTION 1402. Defeasance and Discharge 39 Section 13.3 1 SECTION 1403. Covenant Defeasance 39 Section 13.4 1 SECTION 1404. Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).1

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Company and Guarantors to Furnish Trustee Names and Addresses of Holders 29 47 Section 7.2 Preservation of Information; Communications to Holders 29 47 Section 7.3 Reports by Trustee 29 47 Section 7.4 Reports by the Issuers Company and the Guarantor 29 Guarantors; Rule 144A Information 47 ARTICLE 8 GUARANTEE 30 CONSOLIDATION, MERGER AND SALES Section 8.1 Guarantee 30 Company May Consolidate, etc., Only on Certain Terms 48 Section 8.2 No Waiver 31 Successor Person Substituted for Company 49 Section 8.3 Modification 31 Parent Guarantor May Consolidate, Etc., Only on Certain Terms 49 Section 8.4 Non-Impairment 31 Successor Person Substituted for Parent Guarantor 50 Section 8.5 Limitation Subsidiaries May Consolidate, Etc., Only on Certain Terms 50 Section 8.6 Successor Person Substituted for Subsidiary Guarantor Liability 32 51 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 INDENTURES Section 9.1 Supplemental Indentures without Consent of Holders 32 51 Section 9.2 Supplemental Indentures with Consent of Holders 33 52 Section 9.3 Execution of Supplemental Indentures 34 53 Section 9.4 Effect of Supplemental Indentures 34 54 Section 9.5 Conformity with Trust Indenture Act 34 Section 9.6 Reference in Securities to Supplemental Indentures 34 54 Section 9.6 Conformity with Trust Indenture Act 54 Section 9.7 Notice of Supplemental Indenture 54 ARTICLE 10 COVENANTS 34 Section 10.1 Payment of Principal, any Premium, if any, Interest and Interest 34 Additional Amounts 54 Section 10.2 Maintenance of Office or Agency 34 54 Section 10.3 Money for Securities Payments To to Be Held in Trust 35 55 Section 10.4 Additional Amounts 57 Section 10.5 Limitation on Liens; Restriction on Sale-Leasebacks 57 Section 10.6 Legal Existence 59 Section 10.7 Subsequent Subsidiary Guarantors 59 Section 10.8 Waiver of Certain Covenants 59 Section 10.9 Company Statement as to Compliance; Notice of Certain Defaults 35 60 Section 10.10 Guarantor Statement as to Compliance; Notice of Certain Defaults 60 ARTICLE 11 REDEMPTION OF SECURITIES 36 Section 11.1 Applicability of Article 36 61 Section 11.2 Election to Redeem; Notice to Trustee 36 61 Section 11.3 Selection by Trustee of Securities To Be to be Redeemed 36 61 Section 11.4 Notice of Redemption 36 61 Section 11.5 Deposit of Redemption Price 37 62 Section 11.6 Securities Payable on Redemption Date 37 62 Section 11.7 Securities Redeemed in Part 37 63 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 64 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).64

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To SECTION 701. Company to Furnish Trustee Names and Addresses 61 SECTION 702. Disclosure of Names and Addresses of Holders 29 Section 7.2 Preservation of Information; Communications to Holders 29 Section 7.3 61 SECTION 703. Reports by Trustee 29 Section 7.4 Reports by the Issuers and the Guarantor 29 61 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT MERGER, CONSOLIDATION OR SALE OF ALL OR SUBSTANTIALLY ALL ASSETS SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms 61 SECTION 802. Guarantors May Consolidate, Etc., Only on Certain Terms 62 SECTION 803. Successor Substituted 64 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 Supplemental Indentures without INDENTURES SECTION 901. Amendments or Supplements Without Consent of Holders 32 Section 9.2 Supplemental Indentures 64 SECTION 902. Amendments, Supplements or Waivers with Consent of Holders 33 Section 9.3 65 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 Amendments, Supplements or Waivers 66 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 Conformity Amendments, Supplements or Waivers 66 SECTION 905. Compliance with Trust Indenture Act 34 Section 9.6 67 SECTION 906. Reference in Securities Notes to Supplemental Indentures 34 67 SECTION 907. Notice of Supplemental Indentures 67 SECTION 908. Revocation and Effect of Consents and Waivers 67 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if any, and Interest 34 Section 10.2 67 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 68 SECTION 1003. Money for Securities Notes Payments To to Be Held in Trust 35 Section 10.4 68 SECTION 1004. Corporate Existence 69 SECTION 1005. Payment of Taxes and Other Claims 69 SECTION 1006. Maintenance of Properties 69 SECTION 1007. Insurance 70 SECTION 1008. Statement by Officers as to Compliance; Default 70 SECTION 1009. Reports and Other Information 70 SECTION 1010. Limitation on Restricted Payments 71 SECTION 1011. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock 79 SECTION 1012. Liens 83 SECTION 1013. Limitations on Transactions with Affiliates 84 SECTION 1014. Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 86 SECTION 1015. Limitation on Guarantees of Indebtedness by Restricted Subsidiaries 88 SECTION 1016. Change of Control 88 SECTION 1017. Asset Sales 90 SECTION 1018. Special Interest Notice 93 SECTION 1019. Suspension of Certain Defaults 35 Covenants 93 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 NOTES SECTION 1101. Right of Redemption 94 SECTION 1102. Applicability of Article 36 Section 11.2 95 SECTION 1103. Election to Redeem; Notice to Trustee 36 Section 11.3 95 SECTION 1104. Selection by Trustee of Securities To Notes to Be Redeemed 36 Section 11.4 95 SECTION 1105. Notice of Redemption 36 Section 11.5 96 SECTION 1106. Deposit of Redemption Price 37 Section 11.6 Securities 97 SECTION 1107. Notes Payable on Redemption Date 37 Section 11.7 Securities 97 SECTION 1108. Notes Redeemed in Part 37 97 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).TWELVE

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To SECTION 701. Company to Furnish Trustee Names and Addresses of Holders 29 Section 7.2 Holders. 56 SECTION 702. Preservation of Information; Communications to Holders 29 Section 7.3 Holders. 57 SECTION 703. Reports by Trustee 29 Section 7.4 Trustee. 57 SECTION 704. Reports by the Issuers Company and the Guarantor 29 Subsidiary Guarantors. 57 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms. 57 SECTION 802. Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms. 58 SECTION 803. Successor Substituted. 59 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES SECTION 901. Supplemental Indentures without Without Consent of Holders 32 Section 9.2 Holders. 59 SECTION 902. Supplemental Indentures with With Consent of Holders 33 Section 9.3 Holders. 61 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 Indentures. 62 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 Indentures. 62 SECTION 905. Conformity with Trust Indenture Act 34 Section 9.6 Act. 62 SECTION 906. Reference in Securities to Supplemental Indentures 34 Indentures. 62 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if any, Premium and Interest 34 Section 10.2 Interest. 63 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 Agency. 63 SECTION 1003. Money for Securities Payments To to Be Held in Trust 35 Section 10.4 Trust. 63 SECTION 1004. Statement by Officers as to Compliance; Notice Default. 64 SECTION 1005. Existence. 65 SECTION 1006. Maintenance of Properties. 65 SECTION 1007. Payment of Taxes and Other Claims. 65 SECTION 1008. Maintenance of Insurance. 66 SECTION 1009. Waiver of Certain Defaults 35 Covenants. 66 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 SECTION 1101. Applicability of Article 36 Section 11.2 Article. 66 SECTION 1102. Election to Redeem; Notice to Trustee 36 Section 11.3 Trustee. 66 SECTION 1103. Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 Redeemed. 67 SECTION 1104. Notice of Redemption 36 Section 11.5 Redemption. 67 SECTION 1105. Deposit of Redemption Price 37 Section 11.6 Price. 68 SECTION 1106. Securities Payable on Redemption Date 37 Section 11.7 Date. 68 SECTION 1107. Securities Redeemed in Part 37 Part. 69 ARTICLE 12 SINKING FUNDS 38 Section 12.1 TWELVE SUBORDINATION OF SECURITIES SECTION 1201. Applicability of Article 38 Section 12.2 Satisfaction Article. 69 SECTION 1202. Securities Subordinate to Senior Debt. 69 SECTION 1203. Payment Over of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8Proceeds Upon Dissolution, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part Etc. 69 SECTION 1204. No Payment When Senior Debt of the IndentureCompany in Default. INDENTURE, dated as 71 SECTION 1205. Payment Permitted If No Default. 72 SECTION 1206. Subrogation to Rights of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws Holders of Senior Debt of the United States Company. 72 SECTION 1207. Provisions Solely to Define Relative Rights. 72 SECTION 1208. Trustee to Effectuate Subordination. 73 SECTION 1209. No Waiver of America, Subordination Provisions. 73 SECTION 1210. Notice to Trustee. 73 SECTION 1211. Reliance on Judicial Order or Certificate of Liquidating Agent. 74 SECTION 1212. Trustee Not Fiduciary for Holders of Senior Debt of the Company. 74 SECTION 1213. Rights of Trustee as Trustee (Holder of Senior Debt of the “Company; Preservation of Trustee”).’s Rights. 75 SECTION 1214. Article Applicable to Paying Agents. 75 SECTION 1215. Defeasance of this Article Twelve. 75 ARTICLE THIRTEEN

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To SECTION 701. Company to Furnish Trustee Names and Addresses of Holders 29 Section 7.2 Holders. 56 SECTION 702. Preservation of Information; Communications to Holders 29 Section 7.3 Holders. 57 SECTION 703. Reports by Trustee 29 Section 7.4 Trustee. 57 SECTION 704. Reports by the Issuers Company and the Guarantor 29 Subsidiary Guarantors. 57 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms. 57 SECTION 802. Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms. 58 SECTION 803. Successor Substituted. 59 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES SECTION 901. Supplemental Indentures without Without Consent of Holders 32 Section 9.2 Holders. 59 SECTION 902. Supplemental Indentures with With Consent of Holders 33 Section 9.3 Holders. 61 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 Indentures. 62 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 Indentures. 62 SECTION 905. Conformity with Trust Indenture Act 34 Section 9.6 Act. 62 SECTION 906. Reference in Securities to Supplemental Indentures 34 Indentures. 62 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if any, Premium and Interest 34 Section 10.2 Interest. 63 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 Agency. 63 SECTION 1003. Money for Securities Payments To to Be Held in Trust 35 Section 10.4 Trust. 63 SECTION 1004. Statement by Officers as to Compliance; Notice Default. 64 SECTION 1005. Existence. 65 SECTION 1006. Maintenance of Properties. 65 SECTION 1007. Payment of Taxes and Other Claims. 65 SECTION 1008. Maintenance of Insurance. 66 SECTION 1009. Waiver of Certain Defaults 35 Covenants. 66 ARTICLE 11 ELEVEN REDEMPTION OF SECURITIES 36 Section 11.1 SECTION 1101. Applicability of Article 36 Section 11.2 Article. 66 SECTION 1102. Election to Redeem; Notice to Trustee 36 Section 11.3 Trustee. 66 SECTION 1103. Selection by Trustee of Securities To to Be Redeemed 36 Section 11.4 Redeemed. 67 SECTION 1104. Notice of Redemption 36 Section 11.5 Redemption. 67 SECTION 1105. Deposit of Redemption Price 37 Section 11.6 Price. 68 SECTION 1106. Securities Payable on Redemption Date 37 Section 11.7 Date. 68 SECTION 1107. Securities Redeemed in Part 37 Part. 69 ARTICLE 12 SINKING FUNDS 38 Section 12.1 TWELVE SUBORDINATION OF SECURITIES SECTION 1201. Applicability of Article 38 Section 12.2 Satisfaction Article. 69 SECTION 1202. Securities Subordinate to Senior Debt. 69 SECTION 1203. Payment Over of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8Proceeds Upon Dissolution, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part Etc. 70 SECTION 1204. No Payment When Senior Debt of the IndentureCompany in Default. INDENTURE, dated as 71 SECTION 1205. Payment Permitted If No Default. 72 SECTION 1206. Subrogation to Rights of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws Holders of Senior Debt of the United States Company. 72 SECTION 1207. Provisions Solely to Define Relative Rights. 73 SECTION 1208. Trustee to Effectuate Subordination. 73 SECTION 1209. No Waiver of America, Subordination Provisions. 73 SECTION 1210. Notice to Trustee. 74 SECTION 1211. Reliance on Judicial Order or Certificate of Liquidating Agent. 74 SECTION 1212. Trustee Not Fiduciary for Holders of Senior Debt of the Company. 74 SECTION 1213. Rights of Trustee as Trustee (Holder of Senior Debt of the “Company; Preservation of Trustee”).’s Rights. 75 SECTION 1214. Article Applicable to Paying Agents. 75 SECTION 1215. Defeasance of this Article Twelve. 75 ARTICLE THIRTEEN

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To SECTION 701. Company to Furnish Trustee Names and Addresses of Holders 29 Section 7.2 37 SECTION 702. Preservation of Information; Communications to Holders 29 Section 7.3 37 SECTION 703. Reports by Trustee 29 Section 7.4 37 SECTION 704. Reports by the Issuers Company and the Guarantor 29 Subsidiary Guarantors 37 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 801. Company May Consolidate, Etc., Only on Guarantor Liability 32 Certain Terms 37 SECTION 802. Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms 38 SECTION 803. Successor Substituted 38 ARTICLE 9 NINE SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES SECTION 901. Supplemental Indentures without Without Consent of Holders 32 Section 9.2 39 SECTION 902. Supplemental Indentures with With Consent of Holders 33 Section 9.3 40 SECTION 903. Execution of Supplemental Indentures 34 Section 9.4 41 SECTION 904. Effect of Supplemental Indentures 34 Section 9.5 41 SECTION 905. Conformity with Trust Indenture Act 34 Section 9.6 41 SECTION 906. Reference in Securities to Supplemental Indentures 34 41 ARTICLE 10 TEN COVENANTS 34 Section 10.1 SECTION 1001. Payment of Principal, Premium, if any, Premium and Interest 34 Section 10.2 41 SECTION 1002. Maintenance of Office or Agency 34 Section 10.3 41 SECTION 1003. Money for Securities Payments To to Be Held in Trust 35 Section 10.4 42 SECTION 1004. Statement by Officers as to Compliance; Notice Default 42 SECTION 1005. Existence 43 SECTION 1006. Maintenance of Properties 43 SECTION 1007. Payment of Taxes and Other Claims 43 SECTION 1008. Maintenance of Insurance 43 SECTION 1009. Waiver of Certain Defaults 35 Covenants 43 ARTICLE 11 REDEMPTION OF SECURITIES 36 Section 11.1 Applicability of Article 36 Section 11.2 Election to Redeem; Notice to Trustee 36 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 Section 11.5 Deposit of Redemption Price 37 Section 11.6 Securities Payable on Redemption Date 37 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).ELEVEN

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Furnish Trustee Names and Addresses of Holders 29 Section 7.2 55 6.01 Holder Lists 55 6.02 Preservation of Information; Communications to Holders 29 Section 7.3 55 6.03 Reports by Trustee 29 Section 7.4 55 6.04 Reports by the Issuers and the Guarantor 29 Company 56 ARTICLE 8 GUARANTEE 30 Section 8.1 Guarantee 30 Section 8.2 No Waiver 31 Section 8.3 Modification 31 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 VII SUCCESSORS 57 7.01 Merger, Consolidation or Sale of All or Substantially All Assets 57 7.02 Successor Person Substituted for Company 58 ARTICLE 9 VIII SUPPLEMENTAL INDENTURE 32 Section 9.1 INDENTURES 58 8.01 Supplemental Indentures without Consent of Holders 32 Section 9.2 58 8.02 Supplemental Indentures with Consent of Holders 33 Section 9.3 59 8.03 Execution of Supplemental Indentures 34 Section 9.4 60 8.04 Effect of Supplemental Indentures 34 Section 9.5 60 8.05 Reference in Subordinated Notes to Supplemental Indentures 60 8.06 Effect on Senior Indebtedness 61 8.07 Conformity with Trust Indenture Act 34 Section 9.6 Reference in Securities to Supplemental Indentures 34 61 ARTICLE 10 IX COVENANTS 34 Section 10.1 61 9.01 Payment of Principal, Premium, if any, Principal and Interest 34 Section 10.2 61 9.02 Maintenance of Office or Agency 34 Section 10.3 62 9.03 Money for Securities Subordinated Notes Payments To to Be Held in Trust 35 Section 10.4 62 9.04 Corporate Existence 63 9.05 Maintenance of Properties 63 9.06 Waiver of Certain Covenants 64 9.07 Company Statement as to Compliance; Notice of Certain Defaults 35 Compliance 64 9.08 Tier 2 Capital 64 ARTICLE 11 X REDEMPTION OF SECURITIES 36 Section 11.1 64 10.01 Applicability of Article 36 Section 11.2 64 10.02 Election to Redeem; Notice to Trustee 36 Section 11.3 65 10.03 Selection by Trustee of Securities To Be Subordinated Notes to be Redeemed 36 Section 11.4 65 10.04 Notice of Redemption 36 Section 11.5 66 10.05 Deposit of Redemption Price 37 Section 11.6 Securities 67 10.06 Subordinated Notes Payable on Redemption Date 37 Section 11.7 Securities 67 10.07 Subordinated Notes Redeemed in Part 37 67 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability XI SUBORDINATION OF SECURITIES 68 11.01 Agreement to Subordinate 68 11.02 Distribution of Article 38 Section 12.2 Satisfaction Assets 68 11.03 Default With Respect to Senior Indebtedness 70 11.04 No Impairment 71 11.05 Effectuation of Sinking Fund Payments with Securities 38 Section 12.3 Redemption Subordination Provisions 71 11.06 Notice to Trustee 71 11.07 Trustee Knowledge of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option Senior Indebtedness 72 11.08 Senior Indebtedness to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Trustee 72 11.09 Subordination Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Compensation 72

HOLDERS' LISTS AND REPORTS BY TRUSTEE AND COMPANY. 29 Section 7.1 Issuers To Company to Furnish Trustee Names and Addresses of Holders 29 46 Section 7.2 Preservation of Information; Communications to Holders 29 47 Section 7.3 Reports by Trustee 29 47 Section 7.4 Reports by the Issuers and the Guarantor 29 47 ARTICLE 8 GUARANTEE 30 SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE AND COVENANT DEFEASANCE Section 8.1 Guarantee 30 Satisfaction and Discharge 48 Section 8.2 No Waiver 31 Defeasance and Covenant Defeasance 49 Section 8.3 Modification 31 Application of Trust Money 51 Section 8.4 Non-Impairment 31 Section 8.5 Limitation on Guarantor Liability 32 Reinstatement 51 ARTICLE 9 SUPPLEMENTAL INDENTURE 32 GUARANTEE Section 9.1 Supplemental Indentures without Consent of Holders 32 Agreement to Guarantee 52 Section 9.2 Supplemental Indentures with Consent Execution and Delivery of Holders 33 Guarantees 52 Section 9.3 Execution Release of Supplemental Indentures 34 Section 9.4 Effect of Supplemental Indentures 34 Section 9.5 Conformity with Trust Indenture Act 34 Section 9.6 Reference in Securities to Supplemental Indentures 34 Guarantees 54 ARTICLE 10 COVENANTS 34 PAYMENT OF ADDITIONAL AMOUNTS Section 10.1 Payment of Principal, Premium, if any, and Interest 34 Additional Amounts in Respect of Canadian Taxes 54 Section 10.2 Maintenance Exceptions and Limitations on the Payment of Office or Agency 34 Section 10.3 Money for Securities Payments To Be Held Additional Amounts in Trust 35 Respect of Canadian Taxes 00 Xxxxxxx 00.0 Xxx-xxxxxxxxx xx Xxxxxx 55 Section 10.4 Statement as Withholding or Deduction for Any U.S. Taxes, Assessments or Governmental Charges 55 Section 10.5 References to Compliance; Notice of Certain Defaults 35 Additional Amounts in this Indenture 57 ARTICLE 11 REDEMPTION AT THE OPTION OF SECURITIES 36 THE COMPANY Section 11.1 Applicability of Article 36 57 Section 11.2 Election to Redeem; Notice to Trustee 36 57 Section 11.3 Selection by Trustee of Securities To Be Redeemed 36 Section 11.4 Notice of Redemption 36 58 Section 11.5 11.4 Deposit of Redemption Price 37 58 Section 11.6 Securities 11.5 Notes Payable on Redemption Date 37 59 Section 11.7 Securities Redeemed in Part 37 ARTICLE 12 SINKING FUNDS 38 Section 12.1 Applicability 11.6 Cancellation and Disposition of Article 38 Section 12.2 Satisfaction of Sinking Fund Payments with Securities 38 Section 12.3 Redemption of Securities for Sinking Fund 38 ARTICLE 13 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 38 Section 13.1 Issuers’ Option to Effect Legal Defeasance or Covenant Defeasance 38 Section 13.2 Legal Defeasance and Discharge 39 Section 13.3 Covenant Defeasance 39 Section 13.4 Conditions to Legal Defeasance or Covenant Defeasance 39 Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions 40 Section 13.6 Reinstatement 40 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture Trust Indenture Act Section Indenture Section § 310 (a)(1) 6.9 (a)(2) 6.9 (a)(3) Not Applicable (a)(4) Not Applicable (a)(5) 6.9 (b) 6.8, 6.10 § 311 (a) 6.13 (b) 6.13 § 312 (a) 7.1, 7.2(a) (b) 7.2(b) (c) 7.2(c) § 313 (a) 7.3(a) (b)(1) Not Applicable (b)(2) 7.3(a) (c) 7.3(a) (d) 7.3(b) § 314 (a) 7.4; 10.4(a) (b) Not Applicable (c)(1) 1.2 (c)(2) 1.2 (c)(3) Not Applicable (d) Not Applicable (e) 1.2 § 315 (a) 6.1(a) (b) 6.2 (c) 6.1(b) (d) 6.1(c) (d)(1) 6.1(a)(i),(c)(i) (d)(2) 6.1(c)(ii) (d)(3) 6.1(c)(iii) (e) 5.14 § 316 (a) 1.1 (a)(1)(A) 5.2, 5.12 (a)(1)(B) 5.13 (a)(2) Not Applicable (b) 5.8 (c) 1.4(d) § 317 (a)(1) 5.3 (a)(2) 5.4 (b) 10.3 § 318 (a) 1.8 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. INDENTURE, dated as of May 24, 2017, between CTR Partnership, L.P. (the “Partnership”), a Delaware limited partnership, and CareTrust Capital Corp., a Delaware corporation (“CareTrust Capital”, and together with the Partnership, the “Issuers” or each, an “Issuer”), CareTrust REIT, Inc., a Maryland corporation (the “Parent” or the “Guarantor”), and Xxxxx Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).Notes 59