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COUNTERSIGNED AND REGISTERED: NATIONAL CITY BANK (Cleveland, Ohio) TRANSFER AGENT AND REGISTRAR By: AUTHORIZED SIGNATURE DATATRAK

Receivables Purchase Transfer Agreement

COUNTERSIGNED AND REGISTERED:    NATIONAL CITY BANK    (Cleveland, Ohio)  TRANSFER AGENT AND REGISTRAR

                                       By:

                              AUTHORIZED SIGNATURE

                                    DATATRAK
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This Receivables Purchase Transfer Agreement involves

DATATRAK INTERNATIONAL, INC.

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Title: COUNTERSIGNED AND REGISTERED: NATIONAL CITY BANK (Cleveland, Ohio) TRANSFER AGENT AND REGISTRAR By: AUTHORIZED SIGNATURE DATATRAK
Governing Law: Ohio     Date: 3/11/2005
Industry: Biotechnology and Drugs    

COUNTERSIGNED AND REGISTERED:    NATIONAL CITY BANK    (Cleveland, Ohio)  TRANSFER AGENT AND REGISTRAR

                                       By:

                              AUTHORIZED SIGNATURE

                                    DATATRAK
, Parties: datatrak international  inc.
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<PAGE>

 

                                                                     EXHIBIT 4.1

 

                          COUNTERSIGNED AND REGISTERED:

                               NATIONAL CITY BANK

                                (Cleveland, Ohio)

 

                           TRANSFER AGENT AND REGISTRAR

                                       By:

                              AUTHORIZED SIGNATURE

                                    DATATRAK

 

NUMBER

C-

 

                          DATATRAK INTERNATIONAL, INC.

                 INCORPORATED UNDER THE LAWS OF THE STATE OF OHIO

                                 CUSIP 238134100

                                 SEE REVERSE FOR

                               CERTAIN DEFINITIONS

 

THIS CERTIFIES THAT

 

SPECIMEN

 

IS THE OWNER OF

 

        FULLY PAID AND NON-ASSESSABLE COMMON SHARES WITHOUT PAR VALUE OF

                          DATATRAK INTERNATIONAL, INC.

 

transferable on the books of the Corporation in person or by duly authorized

attorney upon surrender of this certificate properly endorsed. This certificate

and the shares represented hereby are issued and shall be held subject to the

express terms and provisions of the Articles of Incorporation of the Corporation

filed in the office of the Secretary of State of Ohio. This certificate is not

valid unless countersigned by a Transfer Agent and registered by a Registrar.

 

WITNESS the facsimile signatures of its duly authorized officers.

 

        Dated:                  DATATRAK INTERNATIONAL, INC.

 

        Terry C. Black                          /s/Jeffrey A. Green

        Vice President of Finance,                    President and

        Chief Financial Officer,           Chief Executive Officer

        Treasurer and Assistant Secretary

 

<PAGE>

 

                          DATATRAK INTERNATIONAL, INC.

 

      The following abbreviations when used in the inscription on the face of

      this certificate, shall be construed as though they were written out in

      full according to applicable laws or regulations:

 

<TABLE>

<CAPTION>

<S>                                       <C>

TEN COM - as tenants in common           UNIF TRANS MIN ACT - ___________   __________

                                                             (Cust)           (Minor)

TEN ENT - as tenants by the entireties                         under Uniform Transfers

                                                              to Minors Act ________

JT TEN   - as joint tenants with right of                                      (State)

          survivorship and not as tenants

           in common

</TABLE>

 

      Addition


 
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