Document:

2011 Equity Incentive Plan

 Exhibit 10.10 
 BAKERCORP INTERNATIONAL HOLDINGS, INC. 
 2011 EQUITY INCENTIVE PLAN

  

	Section 1.	Purpose 

 BakerCorp
International Holdings, Inc. (the “Company”), a Delaware corporation, has adopted the BakerCorp International Holdings, Inc. 2011 Stock Incentive Plan (the “Plan”) effective as of the date indicated in
Section 10 hereof (the “Effective Date”). The purposes of the Plan are to encourage selected employees, non-employee directors and consultants of the Company or any Subsidiary to acquire a proprietary interest in the growth and
performance of the Company and its Subsidiaries and to enhance the ability of the Company and its Subsidiaries to attract, retain and reward qualified individuals. 
  

	Section 2.	Definitions 

 As
used in the Plan, the following terms shall have the meanings set forth below: 
 (a) “Accredited Investor”
shall mean an “accredited investor,” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended, and the rules and regulations in effect thereunder. 

(b) “Affiliate” shall mean, with respect to a person or entity, a person that directly or indirectly controls, or is
controlled by, or is under common control with such person or entity. 
 (c) “Award” shall mean a grant of
Options, Restricted Stock or Restricted Stock Units pursuant to the provisions of this Plan. 
 (d) “Award
Agreement” shall mean, with respect to any particular Award, the written document that sets forth the terms of that particular Award. 
 (e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean “Cause” as such term may be defined in any employment agreement between the Participant
and the Company or any Subsidiary, or, if there is no such employment agreement, “Cause” shall mean any of the following, as reasonably determined in good faith by the Committee: (i) commission by the Participant of a felony (or a
crime involving moral turpitude); (ii) theft, conversion, embezzlement or misappropriation by the Participant of funds or other assets of the Company or any Subsidiary or any other act of fraud or material dishonesty with respect to the Company
or any Subsidiary (including acceptance of any bribes or kickbacks); (iii) intentional, grossly negligent or unlawful misconduct by the Participant that causes material harm to the Company or any Subsidiary or exposes the Company or any
Subsidiary to a substantial risk of material harm; (iv) the Participant’s violation of a law regarding employment discrimination or sexual harassment; (v) the Participant’s repeated failure to follow the reasonable directives of
a supervisor (or the Board of Directors — or person(s) exercising a managerial function similar to the Board of Directors — 

 
of the Participant’s employer) which failure has not been cured by the Participant within thirty (30) days after written notice to the Participant of such failure; (vi) the
unauthorized dissemination by the Participant of Confidential Information which causes material harm to the Company or any Subsidiary or exposes the Company or any Subsidiary to material harm; (vii) a material breach of any non-competition,
non-solicitation, confidentiality or similar agreement with the Company or any Subsidiary; or (viii) a material breach of this Agreement which breach has not been cured by the Participant within thirty (30) days after written notice to the
Participant of such breach (which thirty (30) day cure period shall be required only if such breach is capable of being cured). In the event that the Committee believes that Cause may exist, it shall provide the Participant with the opportunity
to promptly (and in any event, not later than the date and time specified by the Committee in writing for responding to its request for information, which date shall be reasonable given the circumstances that are being evaluated with regard to
whether Cause may exist) provide the Committee with information relevant to the Committee’s ultimate determination as to whether Cause exists. 
 (g) “Change in Control” means any transaction or series of related transactions (including the consummation of a merger, share purchase, recapitalization, redemption, issuance of capital
stock, consolidation, reorganization or otherwise) pursuant to which (i) the stockholders of the Company immediately before such transaction own (together with their affiliates), immediately following such transaction, securities representing
fifty percent (50%) or less of the combined voting power of the outstanding voting securities of the entity surviving or resulting from such transaction, or (ii) the Company sells all or substantially all of the assets of the Company and
its Subsidiaries on a consolidated basis. Notwithstanding the foregoing, with respect to any Award that is characterized as “nonqualified deferred compensation” within the meaning of Section 409A of the Code, an event shall not be
considered to be a Change in Control under the Plan for purposes of payment of any such Award unless such event is also a “change in control event” within the meaning of Section 409A of the Code. 

(h) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

(i) “Committee” shall mean the Compensation Committee of the Board, unless otherwise specified by the Board, in which
event the Committee shall be as specified by the Board, which Committee shall administer the Plan and perform the functions set forth herein. If there is no Compensation Committee and the Board does not specify otherwise, the Committee shall mean
the Board. 
 (j) “Disability” shall mean “Disability” as such term may be defined in any employment
agreement between the Participant and the Company or any Subsidiary, or, if there is no such employment agreement, “Disability” shall mean that (i) the Participant is suffering from an illness, injury, impairment or other disability
that has caused (or the Committee reasonably determines will cause) the Participant to be unable to perform Participant’s duties with the Company or any Subsidiary for 90 consecutive days or for 120 cumulative days during any 180 day period;
(2) the Participant, the Participant’s spouse or a minor child of the Participant has been diagnosed with a disease or illness that a medical doctor reasonably acceptable to the Participant and the Company has certified is terminal; or
(3) the Participant is receiving long term disability benefits under any policy, plan or program. 

  
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 (k) “Employment” shall mean (a) a Participant’s employment if the
Participant is an employee of the Company or any of its Subsidiaries, (b) a Participant’s services as a consultant, if the Participant is a consultant to the Company or any of its Subsidiaries and (c) a Participant’s services as
a non-employee Director, if the Participant is a non-employee member of the Board or of the board of directors or similar governing body of any Subsidiary of the Company. Unless otherwise determined by the Committee, a Participant’s employment
shall be deemed terminated if such Participant’s status changes from that of an employee to an independent contractor. A Participant’s employment shall not be deemed terminated if such Participant continues to or commences to provide
services as a director to the Company or any of its Subsidiaries immediately following the termination of services as an employee. 
 (l) “Fair Market Value” shall mean, as of any date: (a) if the Shares are not listed on a nationally recognized stock exchange, the value of such Shares on that date, as determined
by the Committee in its good faith discretion taking into account the requirements of Section 409A of the Code; or (b) if the Shares are listed or admitted to unlisted trading privileges on a nationally recognized stock exchange, the
closing price of the Shares as reported on the principal nationally recognized stock exchange on which the Shares are traded on such date, or if no Share prices are reported on such date, the closing price of the Shares on the next preceding date on
which there were reported Share prices. 
 (m) “Option” shall mean a non-qualified stock option granted under
the Plan. 
 (n) “Participant” shall mean an employee, non-employee director or consultant of the Company or
any Subsidiary who has been granted an Award under the Plan. 
 (o) “Permira Stockholders” shall mean,
collectively, and together with any of their respective Affiliates, Permira IV Continuing L.P.1, Permira IV Continuing L.P.2, Permira Investments Limited and P4 Co-Investment L.P. 

(p) “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust,
unincorporated organization or government or political subdivision thereof. 
 (q) “Restricted Stock” shall
mean any Share granted under Section 7(a) of the Plan. 
 (r) “Restricted Stock Unit” shall mean an Award
granted pursuant to Section 7(b) of the Plan. 
 (s) “Shares” shall mean the common stock of the Company,
$.01 par value, and any and all securities of any kind whatsoever of the Company which may be issued after the date hereof in respect of, or in exchange for, such shares of common stock of the Company pursuant to a merger, consolidation, stock
split, stock dividend or recapitalization of the Company or otherwise. 
 (t) “Stockholders’ Agreement”
shall mean the stockholders’ agreement governing the rights, duties, and obligations of certain present or future employees, directors and consultants of the Company and its Subsidiaries with respect to Shares issued pursuant to

  
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Awards. For the grant of Restricted Stock, the form of the stockholders agreement as in use by the Company at the time of the grant or such other form which the Committee elects to require the
Participant to execute in connection with the grant of the Award is the relevant form. For the grant of an Option or an Award of Restricted Stock Units, the form of the stockholders agreement as in use by the Company at the time of exercise of the
Option (or any part thereof) or the issuance of Shares in respect of the Restricted Stock Units, or such other form which the Company elects to require the Participant to execute in connection with the Participant’s exercise of an Option or the
issuance of Shares in respect of the Restricted Stock Units is the relevant form. Notwithstanding any other provision of the Plan to the contrary, in no event shall a Participant that is a signatory to the Contribution Agreement by and among the
Company and certain other management signatories thereto dated April 12, 2011 be required to sign a Stockholders Agreement in connection with any Award granted under the Plan with terms and conditions that are less favorable in any respect to
the terms and conditions contemplated by the binding term sheet attached as Annex C to the above-referenced Contribution Agreement. 
 (u) “Subsidiary” shall mean, in respect of the Company, a subsidiary company, whether now or hereafter existing, as defined in Sections 424(f) and (g) of the Code. 

 

	Section 3.	Administration 

(a) Generally. The Plan shall be administered by the Committee. Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time, and shall be final, conclusive, and binding upon all Persons, including
the Company or any Subsidiary, any Participant, any holder or beneficiary of any Award, any stockholder of the Company and any employee of the Company or any Subsidiary. 
 (b) Powers. Subject to the terms of the Plan and applicable law, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of
Awards to be granted to each Participant under the Plan; (iii) determine the number of Shares to be covered by Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what
circumstances Options may be settled or exercised in cash, Shares or other property, or canceled, forfeited, or suspended, and the method or methods by which Options may be settled, exercised, canceled, forfeited, or suspended; (vi) interpret
and administer the Plan and any instruments or agreements relating to, or Awards granted under, the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (viii) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

In the exercise of its discretion, the Committee is under no obligation to make uniform determinations and/or interpretations as to any
issue relating to any Participant or group of Participants (whether or not such Participants are similarly situated). No member of the Committee, nor any Person to whom ministerial duties have been delegated, shall be personally liable for any
action, interpretation or determination made with respect to the Plan or awards made thereunder, and each member of the Committee shall be fully indemnified, held harmless 

  
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and protected by the Company with respect to any liability he or she may incur with respect to any such action, interpretation or determination made in good faith, to the extent permitted by
applicable law and, in addition, to the extent provided in the Company’s certificate of incorporation and by-laws, as amended from time to time, or under any agreement between any such member and the Company. The foregoing right of
indemnification shall inure to the benefit of the heirs, executors or administrators of each such member of the Committee and shall be in addition to all other rights to which such member of the Committee would be entitled to as a matter of law,
contract or otherwise. 
 All decisions made by the Committee pursuant to the provisions of the Plan will be final and binding
on all persons, including the Company and Participants. 
 The acts by members holding a majority of the votes held by members
of the Committee at any meeting shall be the acts of the Committee; provided, that, if at any time the Committee is the Board, the acts by members holding a majority the votes held by the members of the Board present at any meeting shall be the acts
of the Committee.
  

	Section 4.	Shares Available for Awards 

 (a) Shares Available. Subject to adjustment as provided in Section 4(b): 
 (i) Limitation on Number of Shares. The maximum aggregate number of Shares which may be issued pursuant to, or by reason of, Awards shall be 490,641. To the extent that an Award granted ceases to
remain outstanding by reason of termination of rights granted thereunder or forfeiture, the Shares subject to such Award shall again become available for award under the Plan. No more than 6% of the Shares reserved for issuance hereunder shall, in
the aggregate, be granted to non-employee directors or consultants of the Company or any of its Subsidiaries, with the balance of such shares to be granted to employees of the Company or any of its Subsidiaries. 

(ii) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or in part, of
authorized and unissued Shares or of treasury Shares. 
 (b) Adjustments. In the event that the Committee shall determine
that any change in corporate capitalization, such as an extraordinary dividend or other distribution of Shares, or a corporate transaction, such as a spin-off, recapitalization, merger, consolidation, reorganization or partial or complete
liquidation of the Company or other similar corporate transaction or event, affects the Shares such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan, then the Committee shall, in such manner as it may deem necessary to prevent dilution or enlargement of the benefits or potential benefits intended to be made under the Plan, adjust any or all of
(x) the number and type of shares of stock or other securities or other equity interests which thereafter may be made the subject of Awards, (y) the number and type of shares of stock or other securities or other equity interests subject
to outstanding Awards, and (z) the grant, purchase, or exercise price or any other terms of any Award or, if deemed appropriate, make provision for a cash payment to the holder of an 

  
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outstanding Award in exchange for cancellation of such Award or providing for the cancellation of outstanding Awards without payment (in cash or otherwise) in respect thereof. Notwithstanding the
foregoing, any adjustments in connection with a Change in Control shall be governed by Section 4(c) and not this Section 4(b). Any adjustments made pursuant to this Section 4(b) need not be identical for all Participants or for all
classes of Participants, and the Committee’s determination shall be final, binding and conclusive for all purposes of the Plan and each Award Agreement entered into under the Plan. 

(c) Change in Control. Except as otherwise provided in the applicable Award Agreement, in the event of a Change in Control, all
outstanding Awards (other than Options) shall become non-forfeitable and the restrictions thereon shall lapse upon the consummation of the Change in Control and all Options shall be cancelled upon consummation of the Change in Control;
provided, that, the Committee has either (A) provided the holders of affected Options a reasonable period of time (but not less than 15 days) prior to the date of the consummation of the Change in Control to exercise the Options
(whether or not they were otherwise exercisable) or (B) provided the holders of affected Options (including unvested Options) payment (in cash and/or other substitute consideration) in respect of each Share covered by the Option being cancelled
an amount equal to the excess, if any, of the per share price paid or distributed to stockholders in the transaction (the value of any non-cash consideration to be determined by the Committee in its good faith discretion) over the exercise price of
the Option. For the avoidance of doubt, (x) the cancellation of Options pursuant to clause (A) of the preceding sentence may be effected notwithstanding anything to the contrary contained in this Plan or any Award Agreement and (y) if
the amount determined pursuant to clause (B) of the preceding sentence is zero or less, the affected Option may be cancelled without any payment therefor. In lieu of the foregoing, in the sole discretion of the Committee, provision may be made
in connection with such transaction for the assumption or continuation of such Awards by, or the substitution for such Awards, with new options or awards of the surviving, or successor or resulting entity, or a parent or subsidiary thereof, with
such adjustments as to the number and kind of shares or other securities or property subject to the such new options and awards, option exercise prices, and other terms of such new options and awards as the Committee shall agree. In such latter
event, the Plan and the unvested Awards (other than Options) and unexercised Options theretofore granted or the new awards or options substituted therefor shall continue in the manner and under the terms provided in the Plan, the applicable Awards
Agreements. 
 (d) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company,
the Committee shall notify each Participant who holds an Option as soon as practicable prior to the effective date of such proposed transaction. The Committee in its discretion may permit a Participant to exercise his or her Option prior to such
dissolution or liquidation as to all of the Shares covered thereby, including Shares as to which the Option would not otherwise be exercisable. To the extent it has not been previously exercised, an Option will terminate immediately prior to the
consummation of such dissolution or liquidation. 
  

	Section 5.	Eligibility 

 In
determining the individuals to whom Awards shall be granted and the number of Shares to be covered by each Award, the Committee shall take into account the nature of his or her duties and present and potential contributions to the success of the
Company and such 

  
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other factors as it shall deem relevant in connection with accomplishing the purposes of the Plan. A Participant who has been granted an Award or Awards under the Plan may be granted an
additional Award or Awards. 
  

	Section 6.	Options 

 The
Committee is hereby authorized to grant Options to Participants upon the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine:

 (a) Exercise Price. The exercise price per Share purchasable under an Option shall not be less than the Fair Market
Value of one Share at the time the Option is granted. 
 (b) Option Term. The term of each Option shall be fixed by the
Committee but shall not exceed ten (10) years from the date of grant. 
 (c) Time and Method of Exercise. The
Committee shall determine the time or times at which the right to exercise an Option may vest and become exercisable, and the method or methods by which, and the form or forms in which, payment of the option price with respect to exercises of such
Option may be made or deemed to have been made, which may include cash or such other consideration as deemed appropriate by the Committee. If, at the time of grant of an Option, a Participant is not an Accredited Investor, the Participant shall be
required to provide no less than thirty (30) days’ notice of intent to exercise an Option prior to such exercise. 

(d) Limits on Transfer of Options. No Option and no right under any such Option, shall be assignable, alienable, saleable or
transferable by a Participant otherwise than by will or by the laws of descent and distribution, and such Option, and each right under any such Option, shall be exercisable during the Participant’s lifetime, only by the Participant or, if
permissible under applicable law, by the Participant’s guardian or legal representative. No Option and no right under any such Option, may be pledged, alienated, attached, or otherwise encumbered, and any purported pledge, alienation,
attachment, or encumbrance thereof shall be void and unenforceable against the Company or any Subsidiary. Notwithstanding the foregoing, the Committee may, in its discretion, provide that Options may be transferable, without consideration, to
immediate family members (i.e., children, grandchildren or spouse), to trusts for the benefit of such immediate family members and to partnerships in which such family members are the only partners. In addition, a Participant may, in the manner
established by the Committee, designate a beneficiary (which may be a person or a trust) to exercise the rights of the Participant upon the death of the Participant. A beneficiary, guardian, legal representative or other person claiming any rights
under the Plan from or through any Participant shall be subject to all terms and conditions of the Plan and any Award Agreement applicable to such Participant, except as otherwise determined by the Committee, and to any additional restrictions
deemed necessary or appropriate by the Committee. 
 (e) Dividend Equivalents and Similar Rights. Subject to the other
terms and conditions of the Plan, the Committee may, in its discretion and as set forth in an Award Agreement, authorize the granting of dividend equivalent rights, dividend payments or other similar economic benefits on the Shares underlying
Options granted under the Plan. Such rights 

  
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may be made subject to such terms and conditions as the Committee shall determine in its sole discretion and shall be payable at such time or times and in such form as the Committee determines in
its sole discretion taking into account the requirements of Section 409A of the Code. 
  

	Section 7.	Restricted Stock and Restricted Stock Units. 

 (a) Restricted Stock. The Committee is hereby authorized to grant Restricted Stock to Participants upon the following terms and conditions and with such additional terms and conditions, in either
case not inconsistent with the provisions of the Plan, as the Committee shall determine. The Committee has the authority to determine the Participants to whom Shares of Restricted Stock shall be granted, the number of Shares of Restricted Stock to
be granted to each Participant, the duration of the period during which, and the conditions if any, under which, the Restricted Stock may be forfeited to the Company and the other terms and conditions of such Awards. 

(i) Award Agreements and Certificates. The Award Agreement (or, if applicable, the subscription agreement) evidencing the grant
of any Restricted Shares shall contain such terms and conditions, not inconsistent with the terms of the Plan, as the Committee deems appropriate in its sole and absolute discretion. Unless otherwise determined by the Committee, the prospective
recipient of an Award of Restricted Stock will not have any rights with respect to such Award, unless and until such recipient has executed an Award Agreement (or, if applicable, the subscription agreement) and a Stockholders’ Agreement and has
delivered a fully executed copy thereof to the Company, and has otherwise complied with the applicable terms and conditions of such Award. The purchase price for Restricted Stock may, but need not, be zero. 

A Share certificate will be issued in connection with each Award of Restricted Stock. Such certificate will be registered in the name of
the Participant receiving the Award, and will bear the following legend and/or any other legend determined by the Committee or required by the Award Agreement, the Stockholders’ Agreement, or by applicable law: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED, SOLD, PLEDGED, EXCHANGED, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN COMPLIANCE WITH SUCH ACT.” 
 “IN ADDITION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER AND VOTING SET FORTH IN THE STOCKHOLDERS AGREEMENT DATED AS OF JUNE 1, 2011 BY THE COMPANY AND
THE PARTIES THERETO, A COPY OF WHICH IS ON FILE IN THE OFFICE OF THE COMPANY AND A RESTRICTED STOCK AGREEMENT DATED AS OF                     ,
20    .” 

  
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 Share certificates evidencing Restricted Shares will be held in custody by the Company or in
escrow by an escrow agent until the restrictions thereon have lapsed, and as a condition of any Restricted Stock Award, the Participant will deliver to the Company a stock power, endorsed in blank, relating to the Shares covered by such Award.

 (ii) Restrictions and Conditions. Restricted Stock granted pursuant to this Section 7(a) shall be subject to the
following terms and conditions: 
 (A) During a period commencing with the date of an Award of Restricted Stock and ending at
such time or times as specified in the Award Agreement (or subscription agreement, if applicable) (the “Restriction Period”), the Participant will not be permitted to sell, transfer, pledge (other than a pledge to the Company’s
principal lenders as provided in the Award Agreement), assign or otherwise encumber Restricted Stock awarded under the Plan. The Committee may condition the lapse of restrictions on Restricted Stock upon the continued Employment of the Participant,
the attainment of specified individual or corporate performance goals, a combination thereof or such other factors as the Committee may determine, in its sole and absolute discretion. Notwithstanding the foregoing, the Committee may, in its
discretion, provide that Restricted Stock may be transferable, without consideration, to immediate family members (i.e., children, grandchildren or spouse), to trusts for the benefit of such immediate family members and to partnerships in which such
family members are the only partners. In addition, a Participant may, in the manner established by the Committee, designate a beneficiary (which may be a person or a trust) to exercise the rights of the Participant upon the death of the Participant.
A beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through any Participant shall be subject to all terms and conditions of the Plan and any Award Agreement applicable to such Participant, except
as otherwise determined by the Committee, and to any additional restrictions deemed necessary or appropriate by the Committee. 

(B) Dividends. Dividends paid on any shares of Restricted Stock may be paid directly to the Participant, withheld by the Company
subject to vesting of the Restricted Stock pursuant to the terms of the applicable Award Agreement or may be reinvested in additional shares of Restricted Stock, as determined by the Committee in its sole discretion. 

(C) The applicable provisions of the Award Agreement shall govern the treatment of a Participant’s Restricted Stock upon
termination of a Participant’s Employment. 
 (b) Restricted Stock Units. The Committee is hereby authorized to
grant Restricted Stock Units to Participants upon the following terms and conditions and with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. The Committee has
the authority to determine the Participants to whom Restricted Stock Units shall be granted, the number of Restricted Stock Units to be granted to each Participant, the duration of the period during which, and the conditions if any, under which, the
Restricted Stock Units may be forfeited to the Company and the other terms and conditions of such Awards. 
 (i) Award
Agreement. The Award Agreement evidencing the grant of any Restricted Stock Units will contain such terms and conditions, not inconsistent with the 

  
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terms of the Plan, as the Committee deems appropriate in its sole and absolute discretion. The prospective recipient of an Award of Restricted Stock Units will not have any rights with respect to
such Award, unless and until such recipient has executed an Award Agreement (unless otherwise determined by the Committee). If Shares are to be issued in settlement of a Restricted Stock Unit, unless otherwise determined by the Committee, the
prospective recipient of the Shares will not have any rights with respect to such Shares, unless and until such recipient has executed a Stockholders’ Agreement and has delivered a fully executed copy thereof to the Company, and has otherwise
complied with the applicable terms and conditions of such Award. 
 (ii) Restriction and Conditions. The Restricted
Stock Units awarded pursuant to this Section 7(b) will be subject to the following restrictions and conditions: 
 (A)
Each Restricted Stock Unit shall represent the right of the Participant to receive a payment upon vesting of the Restricted Stock Unit or on any later date specified by the Committee equal to the Fair Market Value of a Share as of the date the
Restricted Stock Unit was granted, the vesting date or such other date as determined by the Committee at the time the Restricted Stock Unit was granted. The Committee may, at the time a Restricted Stock Unit is granted, provide a limitation on the
amount payable in respect of each Restricted Stock Unit. The Committee may provide for the settlement of Restricted Stock Units in cash or with a number of Shares equal to the number of Restricted Stock Units that have been vested, the payment to
which the Participant has become entitled. 
 (B) The Participant will not be permitted to sell, transfer, pledge, assign or
otherwise encumber Restricted Stock Units awarded under the Plan. Notwithstanding the foregoing, the Committee may, in its discretion, provide that Restricted Stock Units may be transferable, without consideration, to immediate family members (i.e.,
children, grandchildren or spouse), to trusts for the benefit of such immediate family members and to partnerships in which such family members are the only partners. In addition, a Participant may, in the manner established by the Committee,
designate a beneficiary (which may be a person or a trust) to exercise the rights of the Participant upon the death of the Participant. A beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through
any Participant shall be subject to all terms and conditions of the Plan and any Award Agreement applicable to such Participant, except as otherwise determined by the Committee, and to any additional restrictions deemed necessary or appropriate by
the Committee. 
 (C) The applicable provisions of the Award Agreement shall govern the treatment of a Participant’s
Restricted Stock Units upon termination of a Participant’s Employment. 
 (iii) Dividend Equivalents and Similar
Rights. Subject to the other terms and conditions of the Plan, the Committee may, in its discretion and as set forth in an Award Agreement, authorize the granting of dividend equivalent rights, dividend payments or other similar economic
benefits on the Shares underlying Restricted Stock Units granted under the Plan. Such rights may be made subject to such terms and conditions as the Committee shall determine in its sole discretion and shall be payable at such time or times and in
such form as the Committee determines in its sole discretion taking into account the requirements of Section 409A of the Code. 

  
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	Section 8.	Amendment and Termination 

 Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in the Plan: 
 (a) Amendments to the Plan. The Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board, but no amendment without the
approval of the stockholders of the Company shall be made if such amendment would be required under any law or rule of any governmental authority, stock exchange or other self-regulatory organization to which the Company may then be subject. None of
the amendment, suspension or termination of the Plan shall, without the consent of the holder of such Award, adversely alter or impair any rights or obligations under any Award theretofore granted. 

(b) Correction of Defects, Omissions, and Inconsistencies. The Committee may correct any defect, supply any omission or reconcile
any inconsistency in the Plan or any Award in the manner and to the extent it shall deem desirable to carry the Plan into effect. 
  

	Section 9.	General Provisions 

(a) No Rights to Awards. No Participant shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. 

(b) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the
employ of the Company or any Subsidiary. Further, the Company or a Subsidiary, as applicable, may at any time dismiss a Participant from employment, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan
or in any Award Agreement. 
 (c) Governing Law. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware and applicable Federal law. 
 (d) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction, or would disqualify the Plan or any Award under
any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the
intent of the Plan, such provision shall be deemed void, stricken and the remainder of the Plan and any such Award shall remain in full force and effect. 
 (e) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to
the construction or interpretation of the Plan or any provision hereof. 

  
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 (f) Tax Withholding. The Company and an applicable Subsidiary are authorized to
withhold from any Award granted or any payment relating to an Award under the Plan, including from the exercise of an Option, the minimum amounts of taxes required by law to be withheld in connection with any transaction involving an Award, and to
take such other action as the Committee may deem advisable to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority shall include authority to withhold or receive Shares or other
property or cash payments otherwise due to the Participant in respect thereof in satisfaction of a Participant’s tax obligations. 
  

	Section 10.	Effective Date of the Plan 

 The Plan will be effective as of the date of its adoption by the Board (the “Effective Date”), subject only to the approval by the affirmative vote of the holders of a majority of the
securities of the Company present, or represented, and entitled to vote at a meeting of stockholders duly held in accordance with the applicable laws of the State of Delaware within twelve months after the adoption of the Plan by the Board.

  

	Section 11.	Term of the Plan 

 The Plan shall continue until the earlier of (i) the date on which all Awards issuable hereunder have been issued, (ii) the termination of the Plan by the Board or (iii) the 10th anniversary of the effective date of the Plan. However, unless
otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond (and he exercisable after) such date of termination and the authority of the Committee to amend, alter, adjust, suspend,
discontinue, or terminate any such Award or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall also extend beyond such date of termination. 

  
 - 12 -

 ANNEX A 
 (Provisions Applicable to Options Issued in California) 
 To the extent not in accordance
with the foregoing, the following shall govern all options granted and securities sold to residents of California: 
  

	1.	Options shall be exercisable for not more than 120 months from the date the option is granted. 

 

	2.	Options granted pursuant to the plan shall not be transferred other than by will, by the laws of descent and distribution, to a revocable trust, or as permitted by Rule
701 of the Securities Act of 1933, as amended (17 C.F.R. 230.701). 

  

	3.	The number of securities purchasable pursuant to any option and the exercise price thereof, shall be proportionately adjusted in the event of a stock split, reverse
stock split, stock dividend, recapitalization, combination, reclassification or other distribution of the issuer’s equity securities without the receipt of consideration by the issuer, of or on the issuer’s class or series of securities
underlying the option. 

  

	4.	Unless the grantee’s employment is terminated for cause as defined by applicable law, the right to exercise the option in the event of termination of employment,
to the extent that the optionee is entitled to exercise on the date employment terminates, shall continue until the earlier of the option expiration date or (1) at least 6 months from the date of termination if termination was caused by death
or disability, or (2) at least 30 days from the date of termination if termination was caused by other than death or disability. 

  

	5.	No options may be granted more than 10 years from the date the plan or agreement is adopted or the date the plan or agreement is approved by the issuer’s security
holders, whichever is earlier. 

  
 - A1 -Form of Option Agreement for Senior Management

 Exhibit 10.10.1 

BAKERCORP INTERNATIONAL HOLDINGS, INC. 2011 EQUITY INCENTIVE PLAN 

FORM OF 

SENIOR MANAGEMENT NON-QUALIFIED STOCK OPTION AGREEMENT 
 The terms and conditions of the BakerCorp International Holdings, Inc. 2011 Equity Incentive Plan (the “Plan”) are hereby incorporated by reference. Capitalized terms in this
Non-Qualified Stock Option Agreement (the “Agreement”) that are not defined herein shall have the meanings stated in the Plan. In the case of any conflict between the provisions hereof and those of the Plan, the provisions of the
Plan shall be controlling. 
 In accordance with the Plan, the Committee adopted a resolution granting you (the
“Optionee”) an Option under the Plan to purchase the number of Shares, specified below, for the Exercise Price (as such term is defined below) specified below and on the terms and subject to the conditions set forth in this
Agreement and in the Plan. 
 This Agreement describes your rights with respect to the Option granted to you hereby and
constitutes a legal agreement between you and BakerCorp International Holdings, Inc. (the “Company”). 
 Name of Optionee:

 Address of Optionee: 
 Date of
Grant: [—], 2011 
 Number of Shares Subject to Option:1 

 

	 	•	 	 Option 1: [—] 

 

	 	•	 	 Option 2: [—] 

 

	 	•	 	 Option 3: [—] 

Option Exercise Price:1 
  

	 	•	 	 Option 1: $100 

  

	 	•	 	 Option 2: $200 

  

	 	•	 	 Option 3: $300, provided, that if a Change in Control occurs on or prior to the third anniversary of the Effective Date, the Exercise Price
shall be $200, 

      each, an “Exercise Price.” 

Type of Option: Non-Qualified Stock Option 

 

	1 	 Subject to adjustment as set forth in Section 4(b) of the Plan. 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the
Date of Grant specified above. 
  

					
	 	  	 BAKERCORP INTERNATIONAL
 HOLDINGS, INC.

			
	  
	  	        By:	 	  

	[Optionee]	  		 	Name:
		  		 	Title:

  
 2 

 CONSENT OF SPOUSE 

The undersigned spouse of the Optionee has read and hereby approves the terms and conditions of the Plan and this Agreement. In
consideration of the Company’s granting his or her spouse the right to purchase Shares as set forth in the Plan and this Agreement, the undersigned hereby agrees to be irrevocably bound by the terms and conditions of the Plan and this Agreement
and further agrees that any community property interest shall be similarly bound. The undersigned hereby appoints the undersigned’s spouse as attorney-in-fact for the undersigned with respect to any amendment or exercise of rights under the
Plan or this Agreement. 
  

	
	  

	Spouse of [the Optionee]

  
 3 

 1. Vesting and Term. 

(a) Separate Agreements. For the avoidance of doubt, each separately identified Option set forth on Page 1 of this Agreement
shall be treated as if it were a separate Option, and this Agreement will be construed accordingly. Unless the context requires otherwise, references hereinafter to the Option shall refer to each separately identified Option. 

(b) Vesting. Unless the Option is previously terminated pursuant to the Plan or this Agreement and subject to
the terms of any other agreement between the Optionee and the Company, so long as Optionee remains in Employment, the Option shall become vested and exercisable as to five percent (5%) of the Shares subject hereto on each of the first twenty
(20) quarterly anniversaries of the Date of Grant, such that one hundred percent (100%) of the Shares subject hereto will be vested on the fifth (5th) anniversary of the Date of Grant; provided, however, that if during such Employment but prior to such
fifth (5th) anniversary, (i) there occurs a
Change in Control, the unvested portion of the Option shall become fully vested and immediately exercisable on the consummation of the Change of Control or (ii) the Optionee’s Employment is terminated (a “Termination”)
(A) by any member of the Company Group without Cause; (B) by any member of the Company Group due to the Optionee’s Disability; (C) by the Optionee for Good Reason or upon Retirement or (D) due to the Optionee’s death,
in each case, the additional portion of the Option that would have vested had the Optionee’s Employment continued until the one (1) year anniversary of the date of Termination, shall become vested upon such Termination. 

(c) Term. In no event shall any Shares be purchasable under this Agreement after the tenth (10th) anniversary of the Date of Grant. Subject to the foregoing,
the Option, to the extent vested, shall cease to be exercisable immediately and all rights of the Optionee hereunder shall thereupon terminate as follows: 
 (i) Immediately upon a Termination (A) by any member of the Company Group for Cause or by the Optionee without Good Reason or (B) if the Optionee materially violates Section 2 of this
Agreement at any time; 
 (ii) On the first (1st) anniversary of the date of any Termination due to the
Optionee’s death, Disability or Retirement; or 
 (iii) On the ninetieth (90th) day after the date of any Termination by any member of the
Company Group without Cause or by the Optionee with Good Reason ((ii) and (iii), the “Post-Termination Exercise Period”). 
 If the Optionee does not exercise any portion of the Option within the Post-Termination Exercise Period, such portion shall terminate and shall be of no further force and effect following the close of
business on the last day of the Post-Termination Exercise Period. Upon any Termination, any unvested portion of the Option shall terminate immediately. 
 For purposes of this Agreement, the terms “Cause” and “Disability” shall have the meaning specified in the Plan. The terms “Good Reason” and
“Retirement” shall have the meanings set forth in the Employment Agreement between the Optionee and BakerCorp as of June 1, 2011. 

  
 4 

 (d) Dividend Equivalent Rights. In the event that the Company
pays any dividend on the Shares to the stockholders of the Company generally, then the Optionee shall be entitled to receive a dividend equivalent payment in respect of the Shares purchasable under this Agreement in an amount equal to the product of
(i) the number of Shares then subject to the Option hereunder multiplied by (ii) the per share amount of the dividend so paid. Such dividend equivalent payment shall be paid to the Optionee in cash at the same time as the dividend on the
Shares is paid to stockholders of the Company generally; provided, however, that any portion of the dividend equivalent payment attributable to any then-unvested portion of the Option shall be withheld and either (x) paid to the
Optionee promptly (but in no event later than 10 days) following the vesting of such portion of the Option, or (y) forfeited by the Optionee upon the forfeiture and cancellation of such unvested portion of the Option, as applicable. The
Optionee’s right to receive the dividend equivalent payments contemplated hereunder shall cease upon the earliest to occur of (i) the expiration or forfeiture of the Option, (ii) the date on which the Shares subject to the Option are
delivered to the Optionee following exercise of the Option, and (iii) two and one half (2 1/2) months after the end of the calendar year in which the Optionee’s “separation from service” (within the meaning of Code Section 409A) occurs. 

2. Restrictive Covenants. 
 (a) Non-Competition. Optionee shall not until the date on which this Option has been fully exercised or the date on which it otherwise expires for any reason, directly or indirectly, as an officer,
director, employee, partner, stockholder, member, proprietor, consultant, joint venturer, investor or in any other capacity, engage in, or own, manage, operate or control, or participate in the ownership, management, operation or control of, any
business or entity which engages anywhere in the Territory (as defined below) in any business or activity which is in competition with any aspect of the Business (as defined below); provided, however, that nothing herein shall prohibit the Optionee
from (a) being a purely passive owner of, in the aggregate, not more than five percent (5%) of any class of securities of a publicly traded entity in any of the foregoing lines of business or (b) having non-controlling ownership of
interests in any investment fund that may directly or indirectly invest in entities in any of the foregoing lines of business, so long as, in the case of each of the preceding clauses (a) and (b), the Optionee does not participate in any way in
the management, operation or control of such entity. In addition, the provisions of this Section 2(a) shall not be violated by the Optionee commencing employment with a subsidiary, division or unit of any entity that engages in a business in
competition with the Business so long as the Optionee and such subsidiary, division or unit does not have any involvement in a business in competition with the Business; provided, that, that the Optionee has notified the Company in
advance of commencing such employment and has notified his or her new employer of the restrictions of this paragraph. 
 (b)
Confidential Information. Optionee must, until the date on which this Option has been fully exercised or the date on which it otherwise expires for any reason, maintain all Confidential Information (as defined below) in confidence and must
not disclose any Confidential Information to anyone outside of the Company Group; and Optionee must not at 

  
 5 

 
any time use any Confidential Information for the benefit of Optionee or any third party. Nothing in this Agreement, however, prohibits Optionee from: (1) disclosing any information (or
taking any other action) in furtherance of Optionee’s duties to the Company Group while employed by any member of the Company Group; or (2) disclosing Confidential Information to the extent required by law (after giving prompt notice to
the Company in order that the Company Group may attempt to obtain a protective order or other assurance that confidential treatment will be accorded such information). Upon the Company’s request at any time, Optionee must immediately deliver to
the Company all tangible items in Optionee’s possession or control that are or that contain Confidential Information, without keeping any copies. 
 (c) Non-Solicitation, No-Hire and Non-Disparagement. At all times prior to the date on which this Option has been fully exercised or the date on which it otherwise expires for any reason, the
Optionee covenants and agrees that Optionee shall not, directly or indirectly, as an officer, director, employee, partner, stockholder, member, proprietor, consultant, joint venturer, investor or in any other capacity, (i) solicit any Persons
who are, or within the one-year period immediately preceding the date of exercise were, customers of the Company Group, to purchase other than from the Company any goods or services sold by the Company Group relating to the Business or
(ii) take any action to discourage any Persons who are, or within the one-year period immediately preceding the date of exercise were were, suppliers of the Company Group, from doing business with the Company Group. In addition, Optionee
covenants and agrees that Optionee shall not, directly or indirectly, as an officer, director, employee, partner, stockholder, member, proprietor, consultant, joint venturer, investor or in any other capacity, hire or solicit to perform services (as
an employee, consultant or otherwise) or take any actions which are intended to persuade any termination of association with any member of the Company Group (as applicable) any Persons who are, or within the six (6) month period immediately
preceding the solicitation were, employed by the Company Group at the level of a manager, director (e.g., sales and marketing, business development), vice-president, president or any level more senior than any such level, provided, however, that
(A) solicitation or hiring by Optionee or Optionee’s Affiliates of an immediate family member of such Optionee shall not constitute a violation of this Section 2(c) and (B) general solicitations of employment published in a
journal, newspaper or other publication of general circulation or listed on any internet job site and not specifically directed towards such employees shall not be deemed to constitute solicitation for purposes of this Section 2(c) and the
hiring of any person as a result of such permitted solicitations shall not constitute a breach of this Section 2(c). The Optionee shall not at any time prior to the date on which this Option has been fully exercised or the date on which it
otherwise expires for any reason, make (or cause to be made) to any Person any knowingly disparaging, derogatory or other negative statement about the Company Group. The foregoing shall not be violated by (i) truthful statements in response to
legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings), or (ii) statements that the Optionee in good faith believes
are necessary or appropriate to make in connection with his or her good faith performance of their duties to the Company Group. 
 (d) Reasonableness of Restrictions. Optionee specifically acknowledges and agrees that the time, geographic and activity restrictions (as applicable) set forth in this Section 2 are reasonable
and properly required for the protection of the Company Group. 

  
 6 

 For purposes of this Agreement: 

“Business” means the business (i) of leasing temporary containment equipment, pumps, filtration equipment and
related accessories, (ii) of selling pumps and related accessories, and (iii) as conducted or contemplated to be conducted (in the case of contemplated conduct, as evidenced by tangible business activities that have been undertaken by the
Company or any of its Subsidiaries or actions, activities or plans approved by the Board) by the Company or any of its Subsidiaries on the date of Termination. 
 “Company Group” means individually and collectively the Company and each of its direct and indirect subsidiaries. 
 “Confidential Information” means proprietary and confidential information regarding the Company Group that is not generally available to the public, including (to the extent that it is
not so generally available): (1) information regarding the Company Group’s business, operations, financial condition, customers, vendors, sales representatives and other employees; (2) projections, budgets and business plans regarding
the Company Group; (3) information regarding the Company Group’s planned or pending acquisitions, divestitures or other business combinations; (4) the Company Group’s trade secrets and proprietary information; and (5) the
Company Group’s technical information, discoveries, inventions, improvements, techniques, processes, business methods, equipment, algorithms, software programs, software source documents and formulae. For purposes of the preceding sentence,
information is not treated as being generally available to the public if it is made public by the Executive in violation of this Agreement. 
 “Territory” means anywhere in North America. 
 3. No Right to
Employment. Nothing contained herein shall be construed to confer on the Optionee any right to be retained in the Employment of the Company Group or to diminish any right of the Company Group to dismiss the Optionee from Employment, free from
any liability, or any claim under this Agreement or the Plan, unless otherwise expressly provided in the Plan or in this Agreement. 
 4. Limits on Assignment and Transferability. No Option and no right under any such Option shall be assignable, alienable, saleable or transferable by the Optionee otherwise than by will or by the
laws of descent and distribution, and such Option, and each right under any such Option, shall be exercisable during the Optionee’s lifetime only by the Optionee or, if permissible under applicable law, by the Optionee’s guardian or legal
representative, However nonqualified stock options may, with the prior written consent of the Committee, be transferable, without consideration, to immediate family members (i.e., children, grandchildren or spouse) to trusts for the benefit
of such immediate family members and to partnerships in which such family members are the only parties. In addition, the Optionee may, in the manner established by the Committee, designate a beneficiary to exercise the rights of the Optionee upon
the death of the Optionee; provided that any such beneficiary may exercise the Option only for a period of ninety (90) days following the Optionee’s death and only to the extent that it was vested and exercisable as of the day preceding
the Optionee’s death. No Option, and no right under any such Option, may be pledged, alienated, attached or otherwise encumbered, and any purported pledge, alienation, attachment or encumbrance thereof shall be void and unenforceable.

  
 7 

 5. Time and Method of Exercise. 

(a) Notice of Exercise. The Option shall be exercised when written notice of such exercise in substantially the form attached
hereto as Exhibit A or such other form as the Committee may require from time to time (the “Exercise Notice”), signed by the person entitled to exercise the Option, has been delivered to the Company in accordance with the
provisions of Section 8 hereof. The Exercise Notice shall state that the Optionee is electing to exercise the Option, shall specify the number of Shares purchasable under the Option which such person then wishes to purchase (the
“Purchased Shares”) and shall be accompanied by the items described in Section 5(b). Delivery of the Exercise Notice shall constitute an irrevocable election to purchase the Shares specified in the Exercise Notice and the date
on which the Company receives said notice and documentation shall, subject to the provisions of Section 7, be the date as of which the Shares so purchased shall be deemed to have been issued. 

(b) Deliveries. The Exercise Notice shall be accompanied by (A) payment in full of the Exercise Price in cash or by check or
wire transfer or, at the election of the Optionee, in whole or in part, by (i) the delivery to the Company of a certificate or certificates representing Shares, duly endorsed or accompanied by a duly executed stock power, which delivery
effectively transfers to the Company good and valid title to such Shares, free and clear of any pledge, commitment, lien, claim or other encumbrance (such Shares to be valued at the aggregate Fair Market Value thereof on the date of such exercise),
or (ii) by a reduction in the number of Purchased Shares to be issued upon such exercise having a Fair Market Value on the date of exercise equal to the aggregate Exercise Price in respect of the Purchased Shares, provided that, in either case,
the Company is not then prohibited from purchasing or acquiring such Shares pursuant to any loan or debt agreement to which any member of the Company Group is a party or pursuant to applicable law and (B) if the Optionee is not then a party to
the Stockholders’ Agreement, a fully executed Stockholders’ Agreement (a copy of which, in the form to be executed by the Optionee, will be supplied to the Optionee) and an undated stock power. 

(c) Issuance of Shares. Upon receipt of the Exercise Notice and subject to Section 5(b) and Section 10
hereof, the Company shall take such action as may be necessary under applicable law to effect the issuance to the Optionee of the Purchased Shares. No fractional Shares (or cash in lieu thereof) shall be issued upon exercise of an Option and the
number of Shares that may be purchased upon exercise shall be rounded to the nearest whole number. 
 (d) Exercise by
Optionee During Optionee’s Lifetime. During the Optionee’s lifetime, the Option shall be exercisable only by the Optionee. In the event of the Optionee’s death, to the extent that the vested portion of the Option remains as
provided in Section 1, it shall be exercisable by the Optionee’s executor or administrator, or the person or persons to whom the Optionee’s rights under this Agreement shall pass by will or by the laws of descent and distribution as
the case may be, to the extent set forth in Section 1 (and the term “Optionee” shall be deemed to include such person or persons). Any such executor or administrator, or other the person or persons shall have all of the rights and the
obligations of the Optionee herein. 

  
 8 

 (e) Rights as a Stockholder. The Optionee shall not be deemed to be the holder of,
or to have any of the rights of a holder with respect to, any Option Shares until: (a) the Option shall have been exercised in accordance with the terms of this Agreement and the Optionee shall have paid the full purchase price for the number
of Shares in respect of which the Option was exercised and any withholding taxes due, (b) the Optionee shall have delivered the fully executed Stockholders’ Agreement and stock power to the Company, (c) the Company shall have issued
the Shares to the Optionee, and (d) the Optionee’s name shall have been entered as a shareholder of record on the books of the Company. Upon the occurrence of all of the foregoing events, the Optionee shall have full ownership rights with
respect to such shares, subject to the provisions of the Stockholders’ Agreement. 
 6. Tax Withholding. Whenever
Shares are to be issued upon exercise of the Option, the Company shall have the right to require the Optionee to remit to the Company cash sufficient to satisfy all federal, state and local withholding tax obligations (the “Withholding Tax
Obligations”) prior to issuance of the Shares and the delivery of any certificate or certificates for such Shares. In the discretion of the Committee, the Optionee may satisfy such Withholding Tax Obligations by surrendering to the Company
at the time of exercise Shares (including Purchased Shares) having a Fair Market Value on the date of exercise equal to the Withholding Tax Obligations, provided, that, the Company is not then prohibited from purchasing or acquiring
such Shares pursuant to any loan or debt agreement to which any member of the Company Group is a party or pursuant to applicable law. Notwithstanding the foregoing, following termination of the Optionee’s Employment (i) by the Company
Group without Cause or due to Disability; (ii) by the Optionee with Good Reason or as a result of Retirement or (iii) due to the Optionee’s death, the Optionee may elect to have the Withholding Tax Obligations satisfied by
(A) the delivery to the Company of a certificate or certificates representing Shares having an aggregate Fair Market Value equal to the Withholding Tax Obligations, which Shares are duly endorsed or accompanied by a duly executed stock power,
which delivery effectively transfers to the Company good and valid title to such Shares, free and clear of any pledge, commitment, lien, claim or other encumbrance, or (B) by a reduction in the number of Purchased Shares to be issued upon such
exercise having a Fair Market Value on the date of exercise equal to the Withholding Tax Obligations, provided, that, in either case, the Company is not then prohibited from purchasing or acquiring such Shares pursuant to any loan or
debt agreement to which any member of the Company Group is a party or pursuant to applicable law. 
 7. Securities Act
Compliance. The Committee may require as a condition to the right to exercise the Option hereunder that the Company receive from the person exercising the Option representations, warranties and agreements, at the time of any such exercise, to
the effect that the Shares are being purchased without any present intention to sell or otherwise distribute such Shares in violation of applicable federal securities laws and that the Shares will not be disposed of in transactions which, in the
opinion of counsel to the Company, would violate the registration provisions of the Securities Act of 1933, as then amended, and the rules and regulations thereunder (the “Securities Act”). The certificate issued to evidence such
Shares shall bear appropriate legends summarizing such restrictions on the disposition thereof. 

  
 9 

 8. Notices. Any notice to be given to the Company pursuant to the provisions of the
Plan or this Agreement shall be given by personal delivery, by telecopier or similar facsimile means, by registered or certified first-class U.S. mail, return receipt requested and postage prepaid, or by express courier or recognized overnight
delivery service, charges prepaid. If directed to the Company, any such notice shall be addressed to the Company’s principal executive office, to the Company’s Secretary, or to such other address, person or telecopier number as the Company
may designate from time to time. If directed to the Optionee, any such notice or communication shall be addressed to him or her at the address given beneath his or her signature on this Agreement, or at such other most recent address of the Optionee
on file with the Company. Any such notice shall be deemed given: (a) when delivered personally to the recipient; (b) when received, if sent by telecopy or similar facsimile means (confirmation of such receipt by confirmed facsimile
transmission being deemed receipt of communications sent by telecopy or other facsimile means); (c) on the date five days after the date mailed, if sent by registered or certified first-class U.S. mail, return receipt requested and postage
prepaid; and (d) when delivered (or upon the date of attempted delivery where delivery is refused), if sent by express courier or recognized overnight delivery service, charges prepaid. Whenever the giving of notice is required pursuant to the
provisions of the Plan or this Agreement, the giving of such notice may be waived by the party entitled to receive such notice. 

9. Resolution of Disputes. Any dispute or disagreement which may arise under, or as a result of, or which may in any way
relate to, the interpretation, construction or application of this Agreement shall be determined by the Committee, in good faith, whose determination shall be final, binding and conclusive for all purposes. 

10. Stop Transfer Orders, Etc. All certificates for Shares or other securities of the Company delivered under the Plan pursuant to
any Option or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other restrictions of the Securities and Exchange Commission,
any stock exchange upon which such Shares or other securities are then listed, and any applicable federal or state securities laws, and the Board may cause a legend or legends to be put on any such certificates to make appropriate reference to such
restrictions. 
 11. Accredited Investor. The Optionee has completed Schedule I attached hereto and on the basis set
forth therein represents to the Company that the Optionee is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933. 

12. No Representations or Warranties. The Company makes no representations or warranties as to the income, estate or other tax
consequences to the Optionee of the grant or exercise of the Option or the sale or other disposition of the Shares acquired pursuant to the exercise thereof. 
 13. Governing Law; Successors and Assigns. This Agreement shall he construed and enforced in accordance with the laws of the State of Delaware and applicable federal law. This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their permitted assigns. 

  
 10 

 14. Option Subject to Plan. By entering into this Agreement, the Optionee agrees and
acknowledges that the Optionee has received and read a copy of the Plan. The Option is subject to the Plan. The terms and provisions of the Plan, as it may be amended from time to time, are hereby incorporated herein by reference. In the event of a
conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 
 15. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same
instrument 
 16. Stockholder’s Agreement. This Option and any Shares issuable upon exercise of this Option shall be
subject to and conditioned upon the Optionee executing, delivering and becoming a party to a Stockholder’s Agreement in the form attached hereto as Exhibit B. 

  
 11 

 SCHEDULE I 
 Please check any and all boxes that apply and initial in the space indicated; you must check at least one box: 
  

	 	 ̈	(i) The Optionee’s individual net worth, or joint net worth with the Optionee’s spouse, as of the date the Optionee executes this agreement, exceeds
$1,000,000, exclusive of the value of the Optionee’s principal residence; 

  

	 	    	 For purposes of this paragraph (i), “net worth” shall mean the Optionee’s assets minus liabilities, provided that the value of such
Optionee’s primary residence, as well as the amount of any indebtedness secured by the primary residence up to the fair market value of the primary residence, shall be excluded from the calculation of net worth. Indebtedness secured by the
primary residence in excess of the value of the primary residence shall be considered a liability for purposes of determining net worth.2 

  

	 	 ̈	 (ii) The Optionee had individual income3 in excess of $200,000 in each of the two most recent years, or joint income with the Optionee’s spouse in excess
of $300,000 in each of those years, and has a reasonable expectation of reaching the same income level in the current year; or 

  

	 	 ̈	(iii) None of the statements above apply. 

Optionee’s initials:                    

  

	2 	 The SEC has proposed rules that would exclude any such liability from the net worth calculation. 

	3 	 The term “individual income” means adjusted gross income as reported for federal income tax purposes, less any income attributable to a
spouse or to property owned by a spouse, increased by the following amounts (but not including any amounts attributable to a spouse or to property owned by a spouse), and the term “joint income” means adjusted gross income as reported for
federal income tax purposes, including any income attributable to a spouse or to a property owned by a spouse, increased by the following amounts (including any amounts attributable to a spouse or to property owned by a spouse): (i) the amount
of any interest income received which is tax exempt under section 103 of the Code; (ii) the amount of losses claimed as a limited partner in a limited partnership (as reported on Schedule E of Form 1040); and (iii) any deduction claimed
for depletion under section 611 et seq. of the Code. 

 EXHIBIT A 
 BAKERCORP INTERNATIONAL HOLDINGS, INC. 
 NOTICE OF OPTION EXERCISE

 Subject to the terms and conditions hereof, the undersigned (the “Purchaser”) hereby elects to exercise
his or her option to purchase                 shares of common stock (the “Shares”) of BakerCorp International Holdings, Inc. (the
“Company”) under the BakerCorp International Holdings, Inc. Equity Incentive Plan (the “Plan”) and the Nonqualified Stock Option Agreement dated as of
            , 20    (the “Option Agreement”). The purchase price for the Shares shall be
$                per Share for a total purchase price of $                (subject to
applicable withholding taxes). The Purchaser tenders herewith payment of the full Exercise Price in the form of cash, by check or by wire transfer or, if the Purchaser is permitted pursuant to the Option Agreement, (i) by delivery to the
Company of certificate no(s).                     , representing
                Shares, having a Fair Market Value of $                , together with a
duly executed stock power or (ii) by reducing the number of Shares to be issued to him hereby by that number of Shares having an aggregate Fair Market Value on the date hereof equal to the aggregate purchase price of the Shares. 

In connection with the purchase of Shares, Purchaser represents and covenants the following: 

1. Knowledge and Representation. The Purchaser is aware of the Company’s business affairs and financial condition and has
acquired sufficient information about the Company to reach an informed and knowledgeable decision to purchase the Shares. The Purchaser is relying on his or her own business judgment and knowledge and the advice of his or her own counsel, tax
advisors and other advisors, regarding the risks of an investment in the Company, in making the decision to purchase the Shares. The Purchaser, either alone or with his or her advisors, has sufficient knowledge and experience in business and
financial matters to evaluate the merits and risks of the purchase of the Shares and has the capacity to protect his or her own interests in connection with such purchase. In furtherance of the foregoing, the Purchaser represents and warrants that
(i) no representation or warranty, express or implied, whether written or oral, as to the financial condition, results of operations, prospects, properties or business of the Company Group or as to the desirability or value of an investment in
the Company has been made to the Purchaser by or on behalf of the Company Group, and (ii) the Purchaser will continue to bear sole responsibility for making his or her own independent evaluation and monitoring of the risks of his or her
investment in the Company. The Purchaser is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended, and the rules and regulations in effect thereunder (the
“Securities Act”). 
 2. Investment Intent. The Purchaser is purchasing the Shares for investment for
his or her own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act, or under any applicable provision of state securities laws. The Purchaser does not
have any present intention to transfer the Shares to any person or entity. 

  
 A-1

 3. Securities Laws; Transfer Restrictions. The Purchaser understands that the Shares
have not been registered under the Securities Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of the Purchaser’s investment intent as expressed herein. The Purchaser
acknowledges and understands that the Shares must be held indefinitely unless (i) they are subsequently registered under the Securities Act or any applicable provision of state securities laws or (ii) an exemption from such registration is
available. The Purchaser further acknowledges and understands that the Company is under no obligation to register the Shares. In addition, the Purchaser acknowledges and understands that there are substantial restrictions on the transferability of
the Shares under the Stockholders Agreement, dated as of June 1, 2011 (the “Stockholders Agreement”). The Purchaser understands that the certificate or certificates evidencing the Shares will be imprinted with a legend which
prohibits the transfer of the Shares except in compliance with the Securities Act or applicable state securities laws and except in accordance with the provisions of the Stockholders Agreement, and that the Company will retain physical possession of
the Shares as provided in the Stockholders Agreement. 
 4. Tax. The Purchaser understands that he or she may suffer
adverse tax consequences as a result of his or her purchase or disposition of the Shares. The Purchaser represents that he or she has consulted any tax consultants he or she deems advisable in connection with the purchase or disposition of the
Shares and that he or she is not relying on the Company for any tax advice. Purchaser understands that, prior to the issuance of any Shares, Purchaser will have to make satisfactory arrangements with the Company to satisfy any withholding
requirements applicable to the exercise of the option. 
 5. Speculative Investment. The Purchaser understands that an
investment in the Shares is a speculative investment which involves a high degree of risk of loss of the Purchaser’s investment therein. The Purchaser is able to bear the economic risk of such investment for an indefinite period of time,
including the risk of a complete loss of the Purchaser’s investment in such securities. 
 6. Underwriter Lock-Up.
The Purchaser agrees (i) to the extent requested in writing by a managing underwriter, if any, of any underwritten public offering pursuant to a registration or offering of equity securities of the Company not to sell, transfer or otherwise
dispose of, including any sale pursuant to Rule 144 under the Securities Act, the Shares, or any other equity security of the Company or any security convertible into or exchangeable or exercisable for any equity security of the Company (other than
as part of such underwritten public offering) during the time period reasonably requested by the managing underwriter, not to exceed one hundred eighty (180) days or such shorter period as the Company or any executive officer or director of the
Company shall agree to and (ii) to the extent requested in writing by a managing underwriter of any underwritten public offering effected by the Company for its own account, not to sell the Shares or any other equity securities of the Company
(other than as part of such underwritten public offering) during the time period reasonably requested by the managing underwriter, which period shall not exceed one hundred eighty (180) days or such shorter period as the Company or any
executive officer or director of the Company shall agree to. 

  
 A-2

 Please issue a certificate or certificates for such Shares in the name of: 

 

							
	 Name:
	 	
 

							
		
	 Address:
	 	
 

							
		
	 Social Security or Tax I.D. Number
	 	
 

							
				
		 		 	 Signature
	 	  

				
	
Dated                    , 
20    
	 		 		 	

  
 A-3

 EXHIBIT B 
 STOCKHOLDERS’ AGREEMENT 

  
 B-1

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