SUPPLEMENTAL INDENTURE TO INDENTURE DATED JANUARY 22, 2021

Exhibit 4.1

TO INDENTURE DATED JANUARY 22, 2021

THIS SUPPLEMENTAL INDENTURE dated as of July 1, 2024, among ▇▇▇▇▇ MEDIA CORP., a Delaware corporation (the “Company”), the undersigned Guarantors party hereto, NORTH CAROLINA LOGOS, LLC, a North Carolina limited liability company (the “New Guarantor”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (as successor in interest to U.S. Bank National Association), as Trustee (the “Trustee”).

WHEREAS, each of the Company and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the original trustee, The Bank of New York Mellon Trust Company, N.A., an Indenture, dated as of January 22, 2021 (the “Indenture”), providing for the issuance of 3.625% Senior Notes due 2031 (the “Notes”);

WHEREAS, the New Guarantor desires to provide a guarantee (the “Guarantee”) of the obligations of the Company under the Notes and the Indenture in accordance with Article 10 of the Indenture;

WHEREAS, pursuant to Section 8.01 of the Indenture, the Company, the Trustee, the Guarantors and the New Guarantor are authorized to execute and deliver this Supplemental Indenture; and

WHEREAS, all conditions precedent provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with.

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and ratable benefit of the Holders as follows:

1.Definitions. All terms used herein without definition have the meanings ascribed to them in the Indenture.

2. Guarantee. The New Guarantor hereby agrees to provide a full and unconditional guarantee of the Company’s obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in the Indenture, including but not limited to Article 10 thereof, with the same effect and to the same extent as if the New Guarantor had been named as a Guarantor in the Indenture.

3. Effectiveness of Supplemental Indenture. This Supplemental Indenture shall become effective upon the execution and delivery of this Supplemental Indenture by the Company, the Guarantors, the New Guarantor and the Trustee.

4. Indenture Remains in Full Force and Effect. This Supplemental Indenture shall form a part of the Indenture for all purposes and, except as supplemented or amended hereby, all other provisions in the Indenture and the Notes, to the extent not inconsistent with the terms and provisions of this Supplemental Indenture, shall remain in full force and effect.

5. Headings. The headings of the Articles and Sections of this Supplemental Indenture are inserted for convenience of reference and shall not be deemed a part thereof.

6. Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

7. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of laws.

8. Trustee Disclaimer. The Trustee is not responsible for the validity or sufficiency of this Supplemental Indenture nor for the recitals hereof, which shall be taken as the statements of the Company, the Guarantors and the New Guarantor.

(The remainder of this page is intentionally left blank.)

IN WITNESS WHEREOF, the undersigned have caused this Supplemental Indenture to be duly executed as of the day and year first above written.

NEW GUARANTOR:

NORTH CAROLINA LOGOS, LLC

By: Interstate Logos, L.L.C., its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇, Executive Vice-President,

Chief Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

COMPANY:

▇▇▇▇▇ MEDIA CORP.

By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇, Executive Vice-President,

Chief Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

GUARANTORS:

ALABAMA LOGOS, LLC

ARIZONA LOGOS, L.L.C.

COLORADO LOGOS, LLC

DELAWARE LOGOS, L.L.C.

GEORGIA LOGOS, L.L.C.

KANSAS LOGOS, LLC

KENTUCKY LOGOS, LLC

LOUISIANA INTERSTATE LOGOS, L.L.C.

MAINE LOGOS, L.L.C.

MICHIGAN LOGOS, LLC

MINNESOTA LOGOS, LLC

MISSISSIPPI LOGOS, L.L.C.

MISSOURI LOGOS, LLC

MONTANA LOGOS, LLC

NEBRASKA LOGOS, LLC

NEVADA LOGOS, LLC

NEW HAMPSHIRE LOGOS, L.L.C.

NEW JERSEY LOGOS, L.L.C.

NEW MEXICO LOGOS, LLC

OHIO LOGOS, LLC

OKLAHOMA LOGOS, L.L.C.

SOUTH CAROLINA LOGOS, LLC

TENNESSEE LOGOS, LLC

UTAH LOGOS, LLC

VIRGINIA LOGOS, LLC

WASHINGTON LOGOS, L.L.C.

WISCONSIN LOGOS, LLC

By: Interstate Logos, L.L.C., its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:        /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ AIRPORT ADVERTISING COMPANY

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

SKYHIGH MURALS – COLOSSAL MEDIA, LLC

FLORIDA LOGOS, LLC

By: Interstate Logos TRS, LLC, its Managing Member

By: ▇▇▇▇▇ TRS Holdings, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

    By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
        Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
        Title:    Executive Vice-President, Chief                     Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ STREET OUTDOOR HOLDINGS LLC

INTERSTATE LOGOS, L.L.C.

▇▇▇▇▇ CENTRAL OUTDOOR, LLC

▇▇▇▇▇ ADVERTISING SOUTHWEST, LLC

THE ▇▇▇▇▇ COMPANY, L.L.C.

▇▇▇▇▇ TRS HOLDINGS, LLC

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

INTERSTATE LOGOS TRS, LLC

▇▇▇▇▇ INVESTMENTS, LLC

▇▇▇▇▇ SERVICE COMPANY, LLC

▇▇▇▇▇ TRANSIT, LLC

By: ▇▇▇▇▇ TRS Holdings, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ STREET OUTDOOR LLC

▇▇▇▇▇ STREET OUTDOOR CC, LLC

By: ▇▇▇▇▇ Street Outdoor Holdings LLC,

its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________

Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇

Title: Executive Vice-President, Chief Financial Officer, and Treasurer

▇▇▇▇▇ TEXAS LIMITED PARTNERSHIP

By: The ▇▇▇▇▇ Company, L.L.C., its General Partner

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ ADVERTISING OF COLORADO SPRINGS, L.L.C.

▇▇▇▇▇ ADVERTISING OF LOUISIANA, L.L.C.

▇▇▇▇▇ ADVERTISING OF MICHIGAN, LLC

▇▇▇▇▇ ADVERTISING OF SOUTH DAKOTA, L.L.C.

▇▇▇▇▇ ADVERTISING OF YOUNGSTOWN, LLC

▇▇▇▇▇ AIR, L.L.C.

▇▇▇▇▇ ELECTRICAL, LLC

▇▇▇▇▇ FLORIDA, L.L.C.

▇▇▇▇▇ OCI NORTH, L.L.C.

▇▇▇▇▇ OCI SOUTH, LLC

▇▇▇▇▇ OHIO OUTDOOR HOLDING, LLC

▇▇▇▇▇ TENNESSEE, L.L.C.

TLC PROPERTIES, LLC

By: The ▇▇▇▇▇ Company, L.L.C., its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

TLC FARMS, L.L.C.

By: TLC Properties, LLC, its Managing Member

By: The ▇▇▇▇▇ Company, L.L.C., its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

▇▇▇▇▇ ADVANTAGE GP COMPANY, LLC
▇▇▇▇▇ ADVANTAGE LP COMPANY, LLC
TRIUMPH OUTDOOR HOLDINGS, LLC

By: ▇▇▇▇▇ Central Outdoor, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:        /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇
Title:    Executive Vice-President, Chief                 Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ ADVANTAGE OUTDOOR COMPANY, L.P.

By: ▇▇▇▇▇ Advantage GP Company, LLC, its General Partner

By: ▇▇▇▇▇ Central Outdoor, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

▇▇▇▇▇ ADVANTAGE HOLDING COMPANY, LLC

By: ▇▇▇▇▇ Advantage Outdoor Company, L.P., its Managing Member

By: ▇▇▇▇▇ Advantage GP Company, LLC, its General Partner

By: ▇▇▇▇▇ Central Outdoor, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

OUTDOOR MARKETING SYSTEMS, L.L.C.

OUTDOOR PROMOTIONS WEST, LLC

TRIUMPH OUTDOOR RHODE ISLAND, LLC

By: ▇▇▇▇▇ Transit, LLC, its Managing Member

By: ▇▇▇▇▇ TRS Holdings, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

TLC PROPERTIES II, LLC

By: ▇▇▇▇▇ Investments, LLC, its Managing Member

By: ▇▇▇▇▇ TRS Holdings, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ ADVERTISING OF PENN, LLC

By: The ▇▇▇▇▇ Company, L.L.C., its Class A Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By: ▇▇▇▇▇ Transit, LLC, its Class B Member

By: ▇▇▇▇▇ TRS Holdings, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By: /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________

Name: ▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Executive Vice-President, Chief Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ ▇▇▇▇ COMPANY, LLC

By: ▇▇▇▇▇ Advertising Limited Partnership, its Class A Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By: ▇▇▇▇▇ Transit, LLC, its Class B Member

By: ▇▇▇▇▇ TRS Holdings, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

[Signature Page to Supplemental Indenture]

▇▇▇▇▇-FAIRWAY BLOCKER 1, LLC

▇▇▇▇▇-FAIRWAY BLOCKER 2, LLC

MAGIC MEDIA/▇▇▇▇▇, LLC

FAIRWAY MEDIA GROUP, LLC

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

FAIRWAY OUTDOOR ADVERTISING, LLC

By: Fairway Media Group, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

FAIRWAY OUTDOOR FUNDING HOLDINGS, LLC

By: Fairway Outdoor Advertising, LLC, its

Managing Member

By: Fairway Media Group, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

FAIRWAY OUTDOOR FUNDING, LLC

By: Fairway Outdoor Funding Holdings, LLC, its

Managing Member

By: Fairway Outdoor Advertising, LLC, its

Managing Member

By: Fairway Media Group, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇▇▇ OUTDOOR ADVERTISING OF GA., LLC

By: Magic Media/▇▇▇▇▇, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

MCC OUTDOOR, LLC

MAGIC MEDIA REAL ESTATE, LLC

FMO REAL ESTATE, LLC

OLYMPUS MEDIA/INDIANA, LLC

FAIRWAY CCO INDIANA, LLC

By: Fairway Outdoor Funding, LLC, its Managing

Member

By: Fairway Outdoor Funding Holdings, LLC, its

Managing Member

By: Fairway Outdoor Advertising, LLC, its

Managing Member

By: Fairway Media Group, LLC, its Managing Member

By: ▇▇▇▇▇ Advertising Limited Partnership, its Managing Member

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
    Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
    Title:    Executive Vice-President, Chief             Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

▇▇▇▇▇ ADVERTISING LIMITED PARTNERSHIP

By: ▇▇▇▇▇ Advertising General Partner, LLC, its General Partner

By: ▇▇▇▇▇ Media Corp., its Managing Member

▇▇▇▇▇ ADVERTISING GENERAL PARTNER, LLC

By: ▇▇▇▇▇ Media Corp., its Managing Member

    By:    /s/ ▇▇▇ ▇. ▇▇▇▇▇▇▇ ___________________
        Name:    ▇▇▇ ▇. ▇▇▇▇▇▇▇
        Title:    Executive Vice-President, Chief                     Financial Officer and Treasurer

[Signature Page to Supplemental Indenture]

TRUSTEE:

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, successor in interest to U.S. Bank National Association, as Trustee

By: /s/ ▇▇▇▇▇▇▇ ▇. Duke______________

Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇

Title: Vice President

SUPPLEMENTAL INDENTURE TO INDENTURE DATED JANUARY 22, 2021

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