Exhibit 10.1


 


	SHARE REPURCHASE AGREEMENT
	 
	february 28, 2021
	 
	
        By and between

         

        WILLSCOT MOBILE MINI HOLDINGS CORP.

         

        and

         

        SAPPHIRE HOLDING S.Á R.L.

         



 






    			 



     


    

 





Contents


 




	Article	 	Page
	 	 	 
	1.	Repurchase      	1
	2.	Representations and Warranties of the Selling Stockholder	2
	3.	Representations and Warranties of the Company	3
	4.	Conditions to Closing	3
	5.	Tax Treatment	3
	6.	Miscellaneous	3


 






    			 



     


    

 





SHARE REPURCHASE AGREEMENT


 


THIS SHARE REPURCHASE AGREEMENT
(this “Agreement”) is made and entered into as of February 28, 2021,


 


BY AND BETWEEN:


 


		(1)	WILLSCOT MOBILE MINI HOLDINGS CORP., a Delaware corporation (the “Company”);
and



 


		(2)	SAPPHIRE HOLDING S.Á R.L., a société à responsabilité
limitée organized under the laws of Luxembourg (the “Selling Stockholder”),



 


which is selling Shares (as defined below)
in the Secondary Offering (as defined below).


 


WHEREAS:


 


		(A)	The Selling Stockholder owns 62,150,558 shares (the “Shares”) of common stock, par
value $0.0001 per share, of the Company (the “Common Stock”);



 


		(B)	The Company and the Selling Stockholder propose to enter into a transaction (the “Repurchase
Transaction”) whereby the Selling Stockholder shall sell to the Company, and the Company shall purchase from the Selling
Stockholder, 2,750,000 of the Shares (the “Repurchase Shares”) at the Per Share Repurchase Price (as defined below);
and



 


		(C)	The Selling Stockholder proposes to sell through an underwritten public offering registered with
the Securities and Exchange Commission (the “Secondary Offering”) at least 10,750,000 of the Shares (the “Secondary
Shares”).



 


NOW, THEREFORE, in consideration
of the foregoing, of the mutual promises herein set forth, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, it is hereby agreed as follows:


 


		1.	Repurchase



 


		1.1	Repurchase of Shares



 


The Selling Stockholder shall
sell to the Company, and the Company shall purchase from the Selling Stockholder, all the Repurchase Shares, under the terms and
subject to the conditions hereof and in reliance upon the representations, warranties and agreements contained herein, at the Closing
(as defined below), at the per share price at which the Secondary Shares are sold to the underwriter(s) through the Secondary Offering
(the “Per Share Repurchase Price”).


 


		1.2	Closing



 


		(a)	The closing of the Repurchase Transaction (the “Closing”) shall take place via the
electronic exchange of documents and signature pages immediately subsequent to the satisfaction or waiver of the conditions set
forth in Section 4 herein (with the date upon which such satisfaction or waiver occurs being referred to here as the “Closing
Date”) or at such other time, date or place as the Selling Stockholder and the Company may agree in writing.



 






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		(b)	At the Closing, the Selling Stockholder shall deliver the stock certificates representing the Repurchase
Shares sold by the Selling Stockholder to the Company, duly endorsed for transfer to the Company, or as instructed by the Company,
and the Company agrees to deliver to the Selling Stockholder a dollar amount equal to the product of the Per Share Repurchase Price
and the number of Repurchase Shares sold by the Selling Stockholder by wire transfer of immediately available funds.



 


		2.	Representations and Warranties of the Selling Stockholder



 


The Selling Stockholder represents
and warrants to the Company as follows:


 


		(a)	Title to Repurchase Shares



 


The Selling Stockholder has good
and valid title to the Repurchase Shares to be sold at the Closing Date by the Selling Stockholder, free and clear of all liens,
encumbrances, equities or adverse claims. The Selling Stockholder will have, immediately prior to the Closing, good and valid title
to the Repurchase Shares to be sold at the Closing Date by the Selling Stockholder, free and clear of all liens, encumbrances,
equities or adverse claims; and, upon delivery of such Repurchase Shares and payment therefor pursuant hereto, good and valid title
to such Repurchase Shares, free and clear of all liens, encumbrances, equities or adverse claims, will pass to the Company.


 


		(b)	Required Consents; Authority



 


Except as would not impair in any
material respect the ability of the Selling Stockholder to consummate its obligations hereunder, all consents, approvals, authorizations,
orders and qualifications necessary for the execution, delivery and performance by the Selling Stockholder of this Agreement, and
for the sale and delivery of the Repurchase Shares to be sold by the Selling Stockholder hereunder, have been obtained; and the
Selling Stockholder has full right, power and authority to enter into, execute and deliver this Agreement and to sell, assign,
transfer and deliver the Repurchase Shares to be sold by the Selling Stockholder hereunder; this Agreement has been duly authorized,
executed and delivered by or on behalf of the Selling Stockholder.


 


		(c)	Receipt of Information



 


The Selling Stockholder has received
all the information it considers necessary or appropriate for deciding whether to consummate the Repurchase Transaction on the
terms provided by this Agreement. The Selling Stockholder has had an opportunity to ask questions of, and to receive answers from,
the Company concerning the Company, the Repurchase Shares and the transactions described in this Agreement. The Selling Stockholder
has had the opportunity to discuss with its tax advisors the consequences of the transactions described in this Agreement. The
Selling Stockholder has not received, nor is it relying on, any representations or warranties from the Company other than as provided
herein, and the Company hereby disclaims any other express or implied representations or warranties with respect to itself.


 






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		3.	Representations and Warranties of the Company



 


The Company represents and warrants
to the Selling Stockholder as follows:


 


		(a)	Authority Relative to this Agreement



 


Except as would not impair in any
material respect the ability of the Company to consummate its obligations hereunder, the Company has full corporate power and authority,
and has obtained all approvals and consents required to enter into, to execute and deliver this Agreement and to perform its obligations
hereunder; and all action required to be taken for the due and proper authorization, execution and delivery by it of this Agreement
and the consummation by it of the transactions contemplated hereby has been duly and validly taken.


 


		(b)	Approvals



 


Except as would not impair in any
material respect the ability of the Company to consummate its obligations hereunder, no consent, approval, authorization, order,
registration or qualification of or with any court or arbitrator or governmental or regulatory authority is required for the execution,
delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated by this Agreement.


 


		4.	Conditions to Closing



 


		4.1	Completion of Secondary Offering



 


The obligations of the Company
to purchase the Repurchase Shares at the Closing are subject to the fulfillment on or prior to the Closing of the condition that
the Secondary Offering shall have been consummated in accordance with the terms and conditions of any underwriting or purchase
agreement entered into in connection therewith.


 


		5.	Tax Treatment



 


The parties hereto agree to treat
the purchase of the Repurchase Shares by the Company contemplated under this Agreement, along with the Secondary Offering, as “substantially
disproportionate” with respect to the Selling Shareholder for purposes of Section 302(b)(2) of the U.S. Internal Revenue
Code of 1986, as amended, and agree to file relevant tax returns (including IRS Forms 1099) consistent with such treatment except
upon a contrary final determination by an applicable taxing authority. In addition, the Company agrees not to treat the purchase
of the Repurchase Shares under this Agreement as a dividend subject to U.S. federal withholding tax.


 


		6.	Miscellaneous



 


		6.1	Termination



 


This Agreement may be terminated
at any time by the mutual written consent of each of the parties hereto. Furthermore, unless such date is extended by the mutual
written consent of each of the parties hereto, this Agreement shall automatically terminate and be of no further force and effect
in the event that the conditions in Section 4.1 of this Agreement have not been satisfied within ten (10) Business Days after the
date hereof.


 


		6.2	Savings Clause



 


No provision of this Agreement
shall be construed to require any party or its affiliates to take any action that would violate any applicable law (whether statutory
or common), rule or regulation.


 



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		6.3	Amendment and Waiver



 


This Agreement may not be amended
except by an instrument in writing signed on behalf of each of the parties hereto. Any party may waive in whole or in part any
benefit or right provided to it under this Agreement, such waiver being effective only if set forth in a writing executed by such
party (and by the Company, in the case of any waiver by the Selling Stockholder). No course of dealing between or among any persons
having any interest in this Agreement will be deemed effective to modify, amend or discharge any part of this Agreement or any
rights or obligations of any party under or by reason of this Agreement. The failure of any party to enforce any of the provisions
of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter
to enforce each and every provision of this Agreement in accordance with its terms.


 


		6.4	Severability



 


If any provision of this Agreement
shall be declared by any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this Agreement
shall not be affected and shall remain in full force and effect.


 


		6.5	Entire Agreement



 


Except as otherwise expressly
set forth herein, this Agreement, together with the agreements and other documents and instruments referred to herein or therein
or annexed hereto and executed contemporaneously herewith, embody the complete agreement and understanding among the parties hereto
with respect to the subject matter hereof and supersede and preempt any prior understandings, agreements or representations by
or among the parties, written or oral, that may have related to the subject matter hereof in any way.


 


		6.6	Successors and Assigns



 


Neither this Agreement nor any
of the rights or obligations of any party under this Agreement shall be assigned, in whole or in part by any party without the
prior written consent of the other parties.


 


		6.7	No Third Party Beneficiaries



 


No person other than the parties
hereto shall have any rights or benefits under this Agreement, and nothing in this Agreement is intended to, or will, confer on
any person other than the parties hereto any rights, benefits or remedies.


 


		6.8	No Broker



 


Except as previously disclosed
to each other party in writing, no party has engaged any third party as broker or finder or incurred or become obligated to pay
any broker's commission or finder's fee in connection with the transactions contemplated by this Agreement. Except as previously
disclosed to each other party in writing, no party has engaged any third party as broker or finder or incurred or become obligated
to pay any broker's commission or finder's fee in connection with the transactions contemplated by this Agreement.


 


		6.9	Counterparts



 


This Agreement may be executed
in separate counterparts each of which shall be an original and all of which taken together shall constitute one and the same agreement


 






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		6.10	Notices



 


All notices and other communications
to any party hereunder shall be in writing (including facsimile transmission and e-mail transmission, so long as a receipt of such
e-mail is requested and received) and shall be given,


 


If to Company:


 


WillScot Mobile
Mini Holdings Corp.


4646 E. Van
Buren Street


Phoenix, AZ
85008


Attn: Christopher
J. Miner


Phone: (480) 477-0241


Email: cminer@mobilemini.com


 


If to Selling
Stockholder:


 


Sapphire Holding
S.á r.l.


20, rue Eugène
Ruppert


Luxembourg
L-2453


Grand Duchy
of Luxembourg


Attn: Gary
May / Evelina Ezerinskaite


Phone: +352
26 49 32 98


Email: Notifications@tdrcapital.com
/ tdrlux@tdrcapital.com


 


		6.11	Governing Law; Consent to Jurisdiction



 


This Agreement and any claim,
controversy or dispute arising under or related to this Agreement shall be governed by and construed in accordance with the laws
of the State of New York applicable to agreements made and to be performed in such state.


 


		6.12	Interpretation



 


The headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. The
words "hereof," "herein" and "hereunder" and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Article and Section references
are to this Agreement unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both
the singular and plural forms of such terms. Whenever the words "include," "includes" or "including"
are used in this Agreement, they shall be deemed to be followed by the words "without limitation." “Business Day”
means any day that is not a Saturday, Sunday or other day on which banks are required or authorized by law to be closed in New
York, New York.


 


[Signature Pages Follow]


 






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Signatories


 


IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed and delivered as of the date first set forth above.


 


	WILLSCOT MOBILE MINI HOLDINGS CORP.	 
	 	 
	By:	 /s/Timothy D. Boswell	 
	 	Name:	Timothy D. Boswell	 
	 	Title:	Chief Financial Officer	 




 


[Signature page to Share Repurchase Agreement]


 



    	 		 



     


    

 


	SAPPHIRE HOLDING S.Á R.L.	 
	 	 
	By:	/s/ Evelina Ezerinskaite	 
	 	Name:	 Evelina Ezerinskaite	 
	 	Title:	 Class A Manager	 



 


[Signature page to Share Repurchase Agreement]