Exhibit 4.1


 


 



COMMON SHARES

PAR VALUE $1.00

Certificate
Number


ZQ00000000

THIS CERTIFIES THAT

is the owner of


GOODBULK LTD.

INCORPORATED UNDER THE LAWS OF BERMUDA

** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample
**** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander
David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.
Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample ****

MR. SAMPLE & MRS. SAMPLE &
Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample
**** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander

MR. SAMPLE & MRS. SAMPLE

David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.
Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample ****
Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Sample **** Mr. Sample

**000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares***
*000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****
000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0
00000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00

***ZERO HUNDRED THOUSAND

0000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000
000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0000
00**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00000
0**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000

ZERO HUNDRED AND ZERO***

**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000*
*Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**
Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**S

COMMON SHARES


Shares

* * 000000******************
* * * 000000*****************
**** 000000****************
***** 000000***************
****** 000000**************

SEE REVERSE FOR CERTAIN DEFINITIONS

CUSIP XXXXXX XX X


THIS CERTIFICATE IS TRANSFERABLE IN
CITIES DESIGNATED BY THE TRANSFER
AGENT, AVAILABLE ONLINE AT
www.computershare.com

PO BOX 43004, Providence, RI 02940-3004

MR A
SAMPLE
DESIGNATION (IF ANY)
ADD
1
ADD
2
ADD
3
ADD
4



CUSIP/IDENTIFIERHolder IDInsurance Value Number of SharesDTC

Certificate Numbers

1234567890/12345678901234567890/12345678901234567890/12345678901234567890/12345678901234567890/12345678901234567890/1234567890

Total Transaction

XXXXXX XX XXXXXXXXXXX1,000,000.00123456
12345678
123456789012345

Num/No.
Denom.
Total

1
1
1
2
2
2
3
3
3
4
4
4
5
5
5
6
6
6

7

FULLY-PAID AND NON-ASSESSABLE COMMON SHARES OF PAR VALUE US $1.00 EACH IN THE SHARE CAPITAL OF

GoodBulk Ltd. (hereinafter called the “Company”), subject to the Memorandum of Association and Bye-laws
of the Company and transferable in accordance therewith. This Certificate is not valid unless countersigned and
registered by the Transfer Agent and Registrar.

Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.


Chief Executive Officer


Chief Financial Officer

BERMUDA
2016
GOODBULKLTD.
DATED DD-MMM-YYYY

COUNTERSIGNED AND REGISTERED:

COMPUTERSHARE TRUST COMPANY, N.A.

TRANSFER AGENT AND REGISTRAR,

By

AUTHORIZED SIGNATURE 






     


     


    

 


GOODBULK LTD. (THE “COMPANY”) THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH REGISTERED HOLDER WHO SO REQUESTS,
A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS
OF SHARES OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS
IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS
OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF
DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE COMPANY OR TO THE TRANSFER AGENT. THE
BOARD OF DIRECTORS MAY REQUIRE THE REGISTERED HOLDER OF A LOST OR DESTROYED SHARE CERTIFICATE, OR HIS LEGAL REPRESENTATIVES,
TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST
THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE.The following abbreviations, when used in the inscription
on the face of this certificate, shall be construed as though they were written out in fullaccording to applicable laws or
regulations: TEN COM -as tenants in common UNIF GIFT MIN ACT -............................................Custodian ................................................
(Cust) (Minor) TEN ENT -as tenants by the entireties under Uniform Gifts to Minors Act.........................................................
(State) JT TEN -as joint tenants with right of survivorship UNIF TRF MIN ACT -............................................Custodian
(until age ................................) and not as tenants in common (Cust) .............................under Uniform
Transfers to Minors Act ................... (Minor) (State)Additional abbreviations may also be used though not in the above
list.PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEEFor value received, ____________________________hereby
sell, assign and transfer unto(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)_______________________________________________________________________________________________________________________
Shares represented by the within Certificate, and do hereby irrevocably constitute and appoint _______________________________________________________________________________________________________________________
Attorney to transfer the said shares on the books of the within-named Company with full power of substitution in the premises.Dated:
__________________________________________20 __________________ Signature(s) Guaranteed: Medallion Guarantee StampTHE SIGNATURE(S)
SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions)
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15. Signature: ____________________________________________________________
Signature: ____________________________________________________________ Notice: The signature to this assignment must correspond
with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any
change whatever.The IRS requires that the named transfer agent (“we”) report the cost basis of certain shares
or units acquired after January 1, 2011. If your shares or units are covered by the legislation, and you requested to sell
or transfer the shares or units using a specific cost basis calculation method, then we have processed as you requested. If
you did not specify a cost basis calculation method, then we have defaulted to the first in, first out (FIFO) method. Please
consult your tax advisor if you need additional information about cost basis.If you do not keep in contact with the issuer
or do not have any activity in your account for the time period specified by state law, your property may become subject to
state unclaimed property laws and transferred to the appropriate state.