Document:

SUBSCRIPTION AGREEMENT

                                       AND

                      PROSPECTIVE PURCHASER QUESTIONNAIRE

                            MOBILE SELF STORAGE, INC.

<PAGE>

                             SUBSCRIPTION AGREEMENT

TO: MOBILE SELF STORAGE, INC., "The Company", Seller

1. The undersigned hereby subscribes for the purchase of common shares of stock,
@$1.00 per share,  of Mobile Self Storage,  Inc.  (the  "Company") in accordance
with the terms and conditions of this Agreement.

2. This subscription is one of a limited number of such subscriptions for common
shares  of  stock  of the  Company.  The  execution  of  this  Agreement  of the
undersigned shall constitute an offer by the undersigned to subscribe for common
shares of stock in the amount specified below. The Seller,  Mobile Self Storage,
Inc., shall have the right (in its sole discretion) to reject such offer for any
reason  whatsoever,  or, by executing a copy of this  Agreement,  to accept such
offer.  If such offer is  accepted,  Mobile Self  Storage,  Inc.  will return an
executed  copy of this  Agreement to the  undersigned,  along with a valid share
certificate from the Company's  transfer agent,  National Stock Transfer,  Inc.,
1512 South 1100  East,  Salt Lake City,  Utah  84105.  If this  subscription  is
rejected or if the offering is not consummated for any reason, the undersigned's
subscription  payment  will  be  returned,  uncashed,  as  soon  as  practicable
following  termination of the offering or the date of rejection,  as applicable.
It is understood  that this  subscription is not binding on Mobile Self Storage,
Inc. unless and until it is accepted by Mobile Self Storage,  Inc., as evidenced
by its execution of this Subscription Agreement where indicated below.

3. The undersigned hereby makes the following representations and warranties:

     a. The undersigned  has been furnished with and has carefully  reviewed the
Memorandum and documents attached thereto.

     b. All  information  provided to the Mobile Self Storage,  Inc.,  including
that in the  Prospective  Purchaser  Questionnaire,  is  true  and  correct  and
complete in all respects as of the date hereof.

     c. The undersigned is at least  twenty-one (21) years of age and sufficient
legal capacity to execute this Agreement.

     d. The undersigned has sufficient knowledge and expertise in business,  and
financial matters to evaluate the merits and risk of an investment.

     e. The  undersigned  is an  accredited  investor as that term is defined in
Regulation D, adopted under the Securities Act of 1933, as amended.

     f. The undersigned  has analyzed and reviewed the information  contained in
the Company Prospectus contained in the SB-2 Registration  Statement and has had
an opportunity to ask questions of and receive answers from the Company,  or any
person or persons  acting on its behalf,  concerning the terms and conditions of
this  investment,  and  all  such  questions  have  been  answered  to the  full
satisfaction of the undersigned.

     g. The  undersigned  has adequate  means of providing for his current needs
and  possible  personal  contingencies  and has no need  for  liquidity  in this
investment,  and his overall  commitment  to  investments  which are not readily
marketable is not  disproportionate  to his net worth, and his investment in the
shares will not cause such overall commitment to become excessive.

<PAGE>

     h. The  undersigned  understands  that the common shares of stock have been
registered  under the Securities Act of 1933, as amended (the "Act") pursuant to
the completion of an SB-2 Registration Statement, but not with any state.

     i. The  undersigned  is  acquiring  the common  shares of stock for his own
account for  investment  purposes only and is not  purchasing the subject shares
for an undisclosed third party.

     j. If the  undersigned  is a  corporation,  partnership,  trust,  or  other
entity, it represents:

          (i) It is duly organized, validly existing, and in good standing under
     the laws of the United States of America, or elsewhere,  and has all of the
     requisite power and authority to invest in the shares as provided herein.

          (ii) Such  investment does not result in any violation of, or conflict
     with,  any  term  of  the  charter  or  bylaws  of the  undersigned  or any
     instrument to which it is bound or any law or regulation applicable to it.

          (iii) Such  investment  has been duly  authorized by all the necessary
     action on behalf of the undersigned.

          (iv) This  Agreement has been duly executed and delivered on behalf of
     the undersigned and constitutes a legal, valid and binding agreement of the
     undersigned.

     The foregoing  representations and warranties shall be true and accurate as
of the date  hereof  and as of the date of  delivery  of the  purchase  price to
Mobile Self Storage, Inc., and shall survive such delivery period.

4. Miscellaneous

     a. This Agreement, any amendments or replacements hereof, and the legality,
validity,  and  performance  of the terms  hereof,  shall be  governed  by,  and
enforced,  determined and construed in accordance with, the laws of the State of
Nevada applicable to contracts, transactions and obligations entered into and to
be performed in such State.

     b. This Agreement  contains the entire agreement  between the parties.  The
provisions of this Agreement may not be modified or waived except in writing.

     c. This Agreement and the rights, powers and duties set forth herein shall,
except  as set  forth  herein,  bind and  inure  to the  benefit  of the  heirs,
executors, administrators, legal representatives, successors and assignes of the
parties hereto. The undersigned may not assign any of his rights or interests in
and under this  Agreement  without the prior written  consent of the Mobile Self
Storage,  Inc., and any attempted  assignment without such consent shall be void
and without effect.

     d. It is  understood  that this  Subscription  is offered on a subject  top
prior  sale basis and is not  binding on Mobile  Self  Storage,  Inc.  until the
Company accepts it, which  acceptance is at the sole  discretion of Company,  by
executing this Subscription Agreement where indicated.

                                      -2-

<PAGE>

5.  Subscription.  The undersigned  hereby subscribes for the purchase of common
shares of stock of Mobile Self Storage,  Inc. and encloses payment in the amount
of $ ($1.00 per share) payable to "Mobile Self Storage, Inc., Special Account"

                                TYPE OF OWNERSHIP

                                ______ Individual

                                ______ Joint Tenants with Right of Survivorship

                                ______ Tenants in Common

                                ______ Community Property

                                ______ Other

Executed this ______ day of________________, 2001, at __________________________

________________________________________________________________________________

__________________________________________________
Print Name

__________________________________________________
 Signature of Investor

__________________________________________________
 Social Security or other identification number

If the Investor  has  indicated  that the shares will be held as joint  tenants,
tenants in common or as community property, please complete the following:

__________________________________________________
Print Name of Spouse or Other Investor

__________________________________________________
 Signature of Spouse or Other Investor

__________________________________________________
Social Security or other identification number

                                       -3-

<PAGE>

If the Investor is a partnership, corporation or trust, complete the following:

__________________________________________________
Name of Partnership, Corporation or Trust
                                                         (affix seal, if any)

By:_______________________________________________

__________________________________________________
Print Name of Individual Signing

__________________________________________________
Capacity of Individual Signing

Accepted:

 Mobile Self Storage, Inc.

By:_______________________________________________

Title:____________________________________________

__________________________________________________
Date of Acceptance

                                       -4-

<PAGE>

                       PROSPECTIVE PURCHASER QUESTIONNAIRE

TO: MOBILE SELF STORAGE, INC.

To Whom It May Concern:

The information  contained  herein is being furnished to you in order for you to
determine  whether the undersigned may purchase common shares of stock of Mobile
Self  Storage,  Inc.,  pursuant  to an SB-2  Registration  Statement,  from  the
Company. The undersigned herein states that he (she) is a sophisticated investor
and has  knowledge  and  experience  in financial  and  business  matters and is
capable of evaluating the merits and risks of the proposed investment.

The undersigned further represents that (i) the information  contained herein is
complete  and  accurate  and may be relied upon by you and (ii) the  undersigned
will notify you  immediately of any material  change in any of such  information
occurring prior to the purchase of the subject common shares of stock.

The  undersigned  understands  and agrees that this  questionnaire  will be kept
strictly confidential.

In accordance with the foregoing, the following  representations and information
are hereby made and furnished by:

__________________________________________________
Print Name of Prospective Purchaser

__________________________________________________
Signature of Prospective Purchaser

                                        1

<PAGE>

INSTRUCTIONS:  Please  answer all  questions.  If the answer to any questions is
               "None" or "Not Applicable," please so state.

 1 Full Name _______________________________________

    Social Security Number _________________________

    Age ________

    Occupation _____________________________________

    Citizenship___________________  Number of Dependents ___________

 Residential Address:

 ______________________________________________________

 ______________________________________________________

       Please indicate your preferred mailing address:

       (  ) Residential (  ) Business

2.   Was your  income  (from all  sources)  for each of the two latest  complete
     calendar years more than (check one):

   ______$ 30,000     _____$ 50,000     _____$100,000       _____$150,000
   ______$200,000     _____$250,000     _____$300,000       _____$350,000

     (a)  What percentage of your income as shown above was derived from sources
          other than salary?

          ___________________%

     (b)  Approximately  what  percentage of your income as shown above remained
          after payment of Federal,  state and local taxes, and after payment of
          all ordinary and necessary living expenses?

          ___________________%

    (c)   Does the above income represent your joint income with your spouse?

          Yes _______    No _______

3.   Is your  income from all  sources  anticipated  for the current tax year in
     excess of (check one):

   ______$ 30,000     _____$ 50,000     _____$100,000       _____$150,000
   ______$200,000     _____$250,000     _____$300,000       _____$350,000

     (a)  Does the above income represent your joint income with your spouse?

          Yes _______    No _______

                                        2

<PAGE>

4. Is your net worth as of the date hereof in excess of (check one):

   ______$ 30,000     _____$ 50,000     _____$100,000       _____$150,000
   ______$200,000     _____$250,000     _____$300,000       _____$350,000

     (a)  What  percentage  of your  net  worth as shown  above is  invested  in
          restricted  securities or investments in marketable securities (stock.
          bonds, debentures, or notes)?

        Restrictive securities   ______________%

        Marketable securities    ______________%

                                 ==============%

     (b)  Do these net worth  representations  include your spouse's  assets and
          liabilities?

          Yes _______    No _______

     (c)  What  percentage  of your net worth as shown above  constitutes  home,
          furnishings, and automobiles? _____________%

     (d)  What  percentage of your net worth as shown above  constitutes  liquid
          assets (cash or assets readily convertible to cash)? _____________%

5.   For investors other than natural persons:

     (a)  Type of entity.  Corporation _______ Trust _______ Partnership _______
          Other (specify) ___________________

     (b)  Date or organization: ____________________

     (c)  Number of equity owners (stockholders, partners, beneficiaries, etc.):

     (d)  Was the entity  formed for the primary  purpose of investing in direct
          participation programs or other passive investments?

          Yes _______    No _______

6.   Please supply the following information with respect to the bank (or banks)
     at which you maintain a regular checking account:

    Name of Bank:_____________________________

    Address:__________________________________

    Telephone:________________________________

    Contact:__________________________________

7.  (a) Are you  aware  that  the  securities  proposed  to be  offered  will be
        nonmarketable,  requiring  your  capital  investment  to be  maintained
       for  an indefinite period of time?

       Yes _______    No _______

                                        3

<PAGE>

     (b)  Do you have any  investments or contingent  liabilities  which you can
          reasonably   anticipate   could   cause  the  need  for  sudden   cash
          requirements in excess of cash readily available to you'.'

          Yes _______    No _______

          If "Yes," please explain.

          ______________________________________________________________________

          ______________________________________________________________________

          ______________________________________________________________________

8.   Please list your business or professional  educational  background (schools
     attended and degrees obtained):

     Schools                        Degree              Dates Attended

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

9.   Please  list any  professional  licenses  or  registrations  including  bar
     admissions, accounting certifications,  real estate brokerage licenses, and
     SEC or state broker-dealer registrations, held by you:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

10.  Please list your principal  employment and business  activities  during the
     last five years, as well as any relevant financial experience.

     Employer                     Position/Title             Employment Dates

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

11.  Please describe your experience as an investor, including amounts invested,
     in securities, particularly investments in nonmarketable securities.

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

                                        4

<PAGE>

12.  Have you participated in other private placements of securities?

     Yes _______    No _______

I understand  that the Company will be relying on the accuracy and  completeness
of my responses to the  foregoing  questions  and I represent and warrant to the
Company as follows:

  i. The  answers  to the above  questions  are  complete  and cornea and may be
     relied upon by the Company in  determining  whether the offering in which I
     propose to participate is exempt from registration under the Securities Act
     of 1933, as amended;

  ii. I will notify  the  Company  immediately  of any  material  change  in any
     statement made herein occurring prior to the closing of any purchase.

  iii. I, am an  "accredited  investor" as that term is defined in  Regulation D
     adopted under the Securities  Act of 1933, as amended and, have  sufficient
     knowledge and experience in financial and business  matters to evaluate the
     merits  and  risks of the  prospective  investments;  I am able to bear the
     economic risk of the investment and currently  could afford a complete loss
     of such investment

    IN WITNESS WHEREOF, I have executed this Prospective Purchaser Questionnaire
    this _____ day of____________

_______________________________            __________________________________
Prospective Purchaser                      Prospective Purchaser
Signature                                  Signature

_______________________________            __________________________________
Print Name                                 Print Name

Sworn to me this _____ day of _____________, 199

_______________________________
Notary Public

_______________________________
My commission expires:                            (Notarial Seal)

                                        5Prepared by MerrillDirect

Exhibit 10.1

 

SECOND AMENDMENT TO CREDIT AGREEMENT

             This
SECOND AMENDMENT TO CREDIT AGREEMENT (“Amendment”) is dated March 30, 2001, and
is entered into by and among Cherokee International, LLC, a California limited
liability company (“Borrower”), Heller Financial, Inc., in its capacity as
Agent for the Lenders party to the Credit Agreement described below (“Agent”),
and the Lenders which are signatories hereto.

             WHEREAS,
Agent, Lenders and Borrower are parties to that certain Credit Agreement dated
April 30, 1999 (as such agreement has from time to time been amended,
supplemented or otherwise modified, the “Agreement”);

             WHEREAS,
the Agreement has been amended by that certain Consent, Waiver and First
Amendment to Credit Agreement (“First Amendment”), dated as of June 15, 2000
made by and among Borrower, Agent and the Lenders signatories thereto;

             WHEREAS,
Borrower has pledged to Heller Financial, Inc. 65% of the capital stock it owns
of Cherokee Netherlands I B.V. pursuant to that certain Deed of Pledge dated as
of July 15, 2000; and

             WHEREAS,
Cherokee Netherlands I B.V. has pledged to Heller Financial, Inc. 65% of
the  capital stock it owns of Cherokee
Netherlands II B.V. pursuant to that certain Deed of Pledge dated as of July
15, 2000; and

             WHEREAS,
the parties desire to amend the Agreement as hereinafter set forth.

             NOW
THEREFORE, in consideration of the mutual conditions and agreements set forth
in the Agreement and this Amendment, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

             1.          Definitions.  Capitalized terms used in this Amendment, unless otherwise
defined herein, shall have the meaning ascribed to such terms in the Agreement.

             2.          Amendment.     Subject to the conditions set forth below, the Agreement is
amended as follows:

             A
new subsection 8.2 (K) is hereby inserted into the Agreement to be and to read
as follows:

             “(K)     Agent as Joint Creditor for Purposes of Perfecting
Security Interest in Shares of Dutch Companies Only

             (a) The Loan Parties, Agent and
Lenders hereby acknowledge and agree that, solely for the purpose of perfecting
and realizing upon the pledged shares of Cherokee Netherlands I B.V. and
Cherokee Netherlands II B.V. (collectively the "Dutch Guarantors")
and without altering or otherwise impairing Agent’s rights and obligations
under the Loan Documents, Agent shall be deemed the joint creditor (together
with the relevant Lender) with respect to each and every Obligation, and accordingly
Agent will have its own independent right to demand performance of the
Obligations by the relevant Loan Party of those Obligations, provided that any
discharge of any Obligation to one of Agent or the relevant Lender shall, to
the same extent, discharge the corresponding Obligation owing to the
other.  Nothing in this subsection
8.2(K) shall require Agent in lieu of a Lender to disburse funds to a Loan
Party.

             (b) Without limiting or affecting
Agent’s rights against any Loan Party (whether under this paragraph or under
any other provision of the Loan Documents), Agent agrees with each other Lender
(on a several and divided basis) that, subject to the following sentence, with
respect to the pledged shares of Cherokee Netherlands I B.V. and Cherokee
Netherlands II B.V. it will not exercise its right as a joint creditor with a
Lender except with the consent of the relevant Lender.  However, for the avoidance of doubt, nothing
in the previous sentence shall in any way limit Agent’s right to act in the
protection or preservation of rights under or to enforce any Security Documents
as contemplated by the Loan Documents, or to do any act reasonably incidental
to any of the foregoing.  Any amount
recovered by Agent as a result of the operation of this subsection 8.2 (K)
shall be held for the benefit of each Lender, to be applied in accordance with
the provisions of this Agreement.

             (c) Without limitation to any other
indemnification provided for the benefit of Agent in this Agreement, the Loan
Parties and the Lenders agree that any liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses (including, without limitation,
reasonable attorneys' fees and expenses), advances or disbursements of any kind
or nature whatsoever which may be imposed on, incurred by, or asserted against
Agent in any way relating to or arising out of its acting as a joint creditor
as set forth in this subsection 8.2(K) shall be subject to the indemnification
provisions of subsection 8.2(E).

             3.          Conditions.  The effectiveness of this Amendment is subject to the
following conditions precedent (unless specifically waived in writing by
Agent):

                           (a)         Borrower and the Requisite Lenders
shall have executed and delivered this Amendment, and such other documents and instruments as Agent may require
shall have been executed and/or delivered to Agent; and

                           (b)        No Default or Event of Default shall
have occurred and be continuing;

             4.          Representations and Warranties.  To induce Agent and Lenders to enter
into this Amendment, Borrower represents and warrants to Agent and Lenders:

                           (a)         that the execution, delivery and
performance of this Amendment has been duly authorized by all requisite limited
liability action on the part of Borrower and that this Amendment has been duly
executed and delivered by Borrower; and

                           (b)        that, except as set forth on the
schedules attached hereto, each of the representations and warranties set forth
in Section 5 of the Agreement (other than those which, by their terms,
specifically are made as of certain date prior to the date hereof) are true and
correct in all material respects as of the date hereof.

             5.          Severability.  Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the
remainder of this Amendment and the effect thereof shall be confined to the
provision so held to be invalid or unenforceable.

             6.          References.  Any reference to the Agreement contained in any document,
instrument or agreement executed in connection with the Agreement shall be
deemed to be a reference to the Agreement as modified by this Amendment.

             7.          Counterparts.  This Amendment may be executed in one or more counterparts,
each of which shall constitute an original, but all of which taken together
shall be one and the same instrument.

             8.          Ratification.  The terms and provisions set forth in this Amendment shall
modify and supersede all inconsistent terms and provisions of the Agreement and
shall not be deemed to be a consent to the modification or waiver of any other
term or condition of the Agreement. 
Except as expressly modified and superseded by this Amendment, the terms
and provisions of the Agreement are ratified and confirmed and shall continue
in full force and effect.

             [remainder
of page intentionally left blank; signature pages follow]

             IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed under seal and delivered by their respective duly authorized officers
on the date first written above.

	CHEROKEE
  INTERNATIONAL, LLC
	 	 
	By:	   /s/
  Ian Schapiro
	 	

	Name:	   Ian
  Schapiro
	 	

	Title:	   Vice
  President
	 	

	 	 
	 	 
	HELLER
  FINANCIAL, INC., as Agent and Lender
	 	 
	By:	   /s/
  Jacquelene M. Hermie
	 	

	Name:	   Jacquelene
  M. Hermie
	 	

	Title:	Vice President
	 	

	 	 
	 	 
	FLEET
  CAPITAL
	 	 
	By:	   /s/
  Mark D. Newlun
	 	

	Name:	   Mark
  D. Newlun
	 	

	Title:	   Senior
  Vice President
	 	

	 	 
	 	 
	U.S.
  BANK
	 	 
	By:	   /s/
  Gerald F. Sorensen
	 	

	Name:	   Gerald
  F. Sorensen
	 	

	Title:	   Senior
  Vice President
	 	

	 	 
	 	 
	KEY
  CORPORATE CAPITAL INC.
	 	 
	By:	   /s/
  Jay R. McKenney
	 	

	Name:	   Jay
  R. McKenney
	 	

	Title:	   Vice
  President
	 	

	 	 
	 	 
	FINOVA
  CAPITAL CORPORATION
	 	 
	By:	   /s/
  Stephen Bristow
	 	

	Name:	   Stephen
  Bristow
	 	

	Title:	   Account
  Executive
	 	

			

 

CONSENT AND REAFFIRMATION

             The
undersigned (“Guarantor”) hereby (i) acknowledges receipt of a copy of the
foregoing Second Amendment to Credit Agreement;
(ii) consents to Borrower’s execution and delivery thereof; (iii) agrees to be
bound thereby; and (iv) affirms that nothing contained therein shall modify in
any respect whatsoever its guaranty of the obligations of Borrower to Agent and
Lenders pursuant to the terms of that certain Guaranty dated April 30, 1999
(the “Guaranty”) and reaffirms that the Guaranty is and shall continue to
remain in full force and effect. 
Although Guarantor has been informed of the matters set forth herein and
has acknowledged and agreed to same, Guarantor understands that Agent and Lenders
have no obligation to inform Guarantor of such matters in the future or to seek
Guarantor’s acknowledgment or agreement to future amendments or waivers, and
nothing herein shall create such a duty.

             IN
WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation on
and as of the date of such Amendment.

	CHEROKEE
  INTERNATIONAL FINANCE, INC.
	 
	By:	   /s/
  Ian Schapiro
	 	

	Name:	   Ian
  Schapiro
	 	

	Title:	   Vice
  President

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