Document:

EX-10.5

 Exhibit 10.5 

Final Form 
 OPTION AGREEMENT

 This Option Agreement (this “Agreement”) is entered into as of [●], 2021, by and between GSAM Holdings LLC, a
Delaware limited liability company (the “Purchaser”), GS Acquisition Holdings Corp II, a Delaware corporation (the “Company”), and the persons named as Option Sellers on the signature pages hereto (the
“Option Sellers”). Capitalized terms used but not defined in this Agreement shall have the meaning ascribed to such terms in that certain Business Combination Agreement, dated as of the date hereof, by and among the Company,
Mirion Technologies (TopCo), Ltd., a Jersey private company limited by shares (“Mirion”), CCP IX LP No. 1, CCP IX LP No. 2, CCP IX Co-Investment LP and CCP IX Co-Investment No. 2 LP (the “Charterhouse Parties”), each acting by their general partner, Charterhouse General Partners (IX) Limited, and the other parties named therein (as amended,
modified, supplemented or waived from time to time in accordance with its terms, the “Business Combination Agreement”). 

WHEREAS, reference is made to that certain Backstop Agreement, dated as of June 16, 2021 by and between the Company and the Purchaser (as
amended, modified, supplemented or waived from time to time in accordance with its terms, the “Backstop Agreement”) pursuant to which the Purchaser has allocated and committed up to $125,000,000.00 to subscribe for a number of
shares of New SPAC Class A Common Shares subject to the amount of Existing SPAC Common Stock that is redeemed and not withdrawn by Existing SPAC Stockholders in connection with the SPAC Special Meeting, if any; and 

WHEREAS, the Purchaser is now entering into this Agreement with the Option Sellers, which Option Sellers have made a Cash Election for Shares
or a Cash Election for Loan Notes pursuant to the Business Combination Agreement, whereby, in connection with the Closing of the Transactions under the Business Combination Agreement (the “BCA Closing”), the Purchaser shall have the
right (the “Call Right”), but not the obligation, to purchase from such Option Sellers, on a pro rata basis based on the proportion that such Option Seller’s Seller Total Consideration bears to Total Consideration received by
Option Sellers making a Cash Election for Shares or a Cash Election for Loan Notes, New SPAC Class A Common Shares issued to such Option Sellers pursuant to the Business Combination Agreement in the amount determined pursuant to
Section 2(a) hereof and subject to the limitations set forth herein (the “Call Option Shares”). 
 NOW, THEREFORE, in
consideration of the promises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties
hereto agree as follows: 
 1. Purchaser Call Right. From the time that the Backstop Notice (as defined in the Backstop
Agreement) is delivered by the Company pursuant to the Backstop Agreement until immediately prior to the Closing (the “Call Option Period”), the Purchaser shall be entitled to exercise its Call Right to purchase from each Option
Seller, on a pro rata basis based on the proportion that such Option Seller’s Seller Total Consideration bears to Total Consideration received by Option Sellers making a Cash Election for Shares or a Cash Election for Loan Notes, all or any
portion of the Call Option Shares owned by such Option Seller pursuant to this Agreement. The Purchaser shall be entitled to exercise the Call Right in its sole discretion at any time during the Call Option Period by delivering written notice to the
Company and the Option Sellers of its election to exercise such right in the form attached hereto as Exhibit A (a “Call Notice”). 

 2. Sale and Purchase. 

(a) Subject to the terms and conditions hereof, at the Call Option Share Closing (as defined below), the Option Sellers shall sell to the
Purchaser an aggregate number of Call Option Shares, free and clear of all liens, equal to (a) 12,500,000 minus (b) the number of shares acquired by the Purchaser pursuant to the Backstop Agreement (if any, the “Backstop
Shortfall Shares”) for an aggregate purchase price equal to the product of (x) $10.00 multiplied by (y) the number of Backstop Shortfall Shares (such aggregate purchase price, the “Call Option Purchase Price”).
The numbers of shares, per share amounts and purchase price of the Call Option Shares and the Call Option Purchase Price, as applicable, shall be appropriately adjusted to reflect any stock split, stock dividend, stock combination, recapitalization
or the like occurring after the date hereof. 
 (b) The closing of the sale of the Call Option Shares (the “Call Option Share
Closing”) shall be held on the Closing Date (as defined in the Business Combination Agreement) immediately following and in connection with the BCA Closing, unless such Call Option Share Closing would require the approval of a Governmental
Authority, in which case the Call Option Share Closing shall occur immediately following such approval being obtained. At the Call Option Share Closing, the Purchaser shall pay (or cause to be paid) to the Option Sellers (to the account(s) specified
in writing by the Option Sellers in the Election Agreements delivered pursuant to the Business Combination Agreement) the portion of the Call Option Purchase Price attributable to the Call Option Shares purchased by the Purchaser, and each Option
Seller shall sell and transfer such Person’s Call Option Shares to the Purchaser, free and clear of any lien or encumbrance pursuant to duly executed customary transfer instruments in a form acceptable to Purchaser. 

(c) Delivery of Backstop Purchase Shares. 

(i) The Company shall register the Purchaser as the owner of the Call Option Shares purchased by the Purchaser hereunder
(individually or collectively, the “Securities”) in the register of stockholders of the Company and with the Company’s transfer agent by book entry on or promptly after (but in no event more than two (2) Business Days
after) the date of the Call Option Share Closing. 
 (ii) Each register and book entry for the Call Option Shares purchased
by the Purchaser hereunder shall contain a notation, and each certificate (if any) evidencing the Call Option Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form: 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF
ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.” 

  
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 (d) The Company acknowledges that Purchaser shall have registration rights with respect to
the Call Option Shares as referenced in the Registration Rights Agreement that will be entered into by and among the Company, the Sponsor, the Charterhouse Parties, the Option Sellers, the Purchaser and certain other parties thereto in connection
with the consummation of the Transactions (the “Registration Rights”). 
 (e) Notwithstanding any provision contained herein
to the contrary, the Purchaser shall be entitled to deduct or withhold from any amounts otherwise payable to the Option Sellers pursuant to this Agreement such amounts as it is required to deduct or withhold with respect to the making of such
payment under any provision of applicable tax law. To the extent that amounts are so withheld and properly paid over to the applicable Governmental Authority in accordance with Applicable Law, such withheld amounts shall be treated for purposes of
this Agreement as having been paid to the Option Sellers, and the Purchaser shall furnish to the Option Sellers within ten (10) Business Days of such payment the original or certificated copy of a receipt issued by such Governmental Authority
evidencing such payment. In the event that the Purchaser determines that any portion of a payment under this Agreement would be subject to withholding under Applicable Law, the Purchaser shall promptly notify the Option Sellers of such determination
but in no event later than ten (10) days prior to the date on which such payment is due. The parties shall reasonably cooperate to eliminate or minimize any such withholding. 

3. Representations and Warranties of the Purchaser. The Purchaser represents and warrants to the Company and each Option Seller
as follows, as of the date hereof and as of the Call Option Share Closing: 
 (a) Organization and Power. The Purchaser is duly
organized, validly existing, and in good standing under the laws of the jurisdiction of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction) and has all requisite power and authority to carry on
its business as presently conducted and as proposed to be conducted. 
 (b) Authorization. The Purchaser has full power and authority,
including any necessary corporate or other organizational authority, to enter into and perform its obligations under this Agreement and any other instrument to be entered into, executed and delivered by or on behalf of the Purchaser in connection
with the purchase of the Call Option Shares. This Agreement, when executed and delivered by the Purchaser, will constitute the valid and legally binding obligation of the Purchaser, enforceable in accordance with its terms, except (a) as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally, (b) as limited by laws relating to the
availability of specific performance, injunctive relief or other equitable remedies, or (c) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal or state securities laws. The
signature of the person(s) signing on behalf of the Purchaser is binding on the Purchaser. 

  
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 (c) Compliance with Other Instruments. The execution, delivery and performance by the
Purchaser of this Agreement and the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational documents, if applicable, (ii) of
any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or
purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect
on the Purchaser or its ability to consummate the transactions contemplated by this Agreement. 
 (d) No Governmental or other
Authorization Required; Consents. Except for any filings and approvals required pursuant to the terms of the Business Combination Agreement, filings with the SEC under the Exchange Act and such other reports under, and such other compliance
with, the Exchange Act as may be required in connection with this Agreement, or as may have already been obtained, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or any other person will
be required to be obtained or made by the Purchaser in connection with the due execution, delivery and performance by the Purchaser of this Agreement. 

(e) Litigation. As of the date of this Agreement, there are no Actions pending or, to the knowledge of the Purchaser, threatened against
the Purchaser, before any Governmental Authority that would prevent, materially impair or materially delay the Purchaser from performing its obligations hereunder. 

(f) Restricted Securities. The Purchaser understands that the sale of the Securities to the Purchaser has not been, and will not be,
registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the
Purchaser’s representations as expressed herein. The Purchaser understands that the Securities are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must
hold the Securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges that the Company has no
obligation to register or qualify the Securities for resale, except pursuant to the Registration Rights. The Purchaser further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various
requirements including, but not limited to, the time and manner of sale, the holding period for the Securities, and requirements relating to the Company which are outside of the Purchaser’s control, and which the Company is under no obligation
and may not be able to satisfy. The Purchaser acknowledges that the Company filed a registration statement on Form S-1 to consummate its initial public offering with the SEC (the “IPO”). The
Purchaser understands that the sale of the Securities hereunder is not, and is not intended to be, part of the IPO, and that the Purchaser will not be able to rely on the protection of Section 11 of the Securities Act with respect to such sale
of the Securities. 
 (g) Review of Disclosed Material. The Purchaser is in receipt of and has carefully read and understands the
following items (the “Disclosed Material”): 

  
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 (i) the prospectus filed by the Company with the SEC to consummate its IPO
(the “Prospectus”); 
 (ii) each filing made by the Company with the SEC following the filing of the
Prospectus; and 
 (iii) the Business Combination Agreement (including any amendment thereto) and the New SPAC Certificate of
Incorporation and New SPAC Bylaws, each of which is exhibited thereto. 
 (h) High Degree of Risk. The Purchaser understands that its
agreement to purchase the Securities involves a high degree of risk which could cause the Purchaser to lose all or part of its investment, and the Purchaser has the ability to bear the economic risks of an investment in Securities, including a
complete loss of its investment. Further, the Purchaser has carefully read, considered and understands (i) any risks identified in the Disclosed Material, and (ii) the risks related to the Transactions, the Company, Mirion and the
Securities, and has had the opportunity to retain, at its own expense, and relied upon, appropriate professional advice regarding the financial, taxation and legal implications, risk and consequences of the foregoing. 

(i) Accredited Investor. The Purchaser is an “accredited investor” as defined in Rule 501(a) of Regulation D promulgated under
the Securities Act. 
 (j) Adequacy of Financing. The Purchaser has, or will have at the Call Option Share Closing, available to it
sufficient clear funds to satisfy its obligations under this Agreement, without restriction or conditions on payment to the Option Sellers except as provided hereunder. 

(k) Purchaser’s Knowledge and Skill. The Purchaser has knowledge, skill and experience in financial, business and investment
matters relating to investments of this type and is capable of evaluating the merits and risks of such investment and protecting its interests in connection with the acquisition of the Securities. 

(l) Own Investigations. In making its investment decision to purchase Securities, the Purchaser is relying solely on investigations made
by it and its representatives and its assessment, and the assessment of any of its professional advisers, of the merits of an acquisition of Securities. 

(m) No SEC Approval. The Securities have not been approved or disapproved by the SEC or any state securities commission, nor has the SEC
or any state securities commission passed upon the accuracy or adequacy of any representations by the Company. 
 (n) No Other
Representations or Warranties. The Purchaser acknowledges that neither the Option Sellers nor any of their representatives has made or makes any representation or warranty to the Purchaser in respect of such Option Seller or the Transactions
other than, in the case of the Option Sellers, the representations and warranties contained in this Agreement. 

  
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 4. Representations and Warranties of the Option Sellers. Each Option Seller
hereby represents and warrants to the Purchaser as follows: 
 (a) Authority; Binding Obligation. If such Option Seller is an entity,
such Option Seller has all requisite organizational power and authority to execute, deliver and perform this Agreement. The execution by such Option Seller of this Agreement and the performance of its obligations hereunder have been duly and validly
authorized by all required limited partnership or similar corporate action on the part of such Option Seller, and no other proceedings on the part of such Option Seller are required to authorize this Agreement or to perform such Option Seller’s
obligations hereunder. If such Option Seller is an individual, such Option Seller has all requisite legal capacity, power and authority to execute, deliver and perform this Agreement. This Agreement has been duly executed and delivered by such
Option Seller and assuming that this Agreement constitutes the legal, valid and binding obligation of the other parties thereto, constitutes the legal, valid and binding obligation of such Option Seller, enforceable against such Option Seller in
accordance with its terms, except to the extent that the enforceability thereof may be limited by the bankruptcy, reorganization, insolvency, moratorium and similar laws of general application relating to or affecting the enforcement of rights of
creditors and general principles of equity. The signature of the person(s) signing on behalf of such Option Seller is binding on such Option Seller. 

(b) Ownership of Shares. Immediately following the BCA Closing, such Option Seller shall be the beneficial or record owner of the New
SPAC Class A Common Shares indicated on Schedule 1 hereto, free and clear of any and all liens, mortgages, pledges, security interests, charges, claims or restrictions, other than those created by this Agreement or as
disclosed on Schedule 1. 
 (c) No Defaults or Conflicts. Neither the execution and delivery of this
Agreement, or the performance by such Option Seller of its obligations hereunder (a) results in any violation of the applicable organizational documents of such Option Seller, (b) conflicts with, or results in a breach of any of the terms
or provisions of, or constitutes a default under any material agreement or instrument to which such Shareholder is a party or by which it is bound or to which the New SPAC Class A Common Shares owned of record or beneficially by such
Shareholder is subject; or (c) violates any existing Applicable Law, judgment, order or decree of any Governmental Authority having jurisdiction over such Option Seller or the New SPAC Class A Common Shares owned of record or beneficially
by such Shareholder. 
 (d) No Governmental or other Authorization Required; Consents. Except for filings with the SEC under the
Exchange Act and such other reports under, and such other compliance with, the Exchange Act as may be required in connection with this Agreement, no authorization or approval or other action by, and no notice to or filing with, any Governmental
Authority or any other person will be required to be obtained or made by such Option Seller in connection with the due execution, delivery and performance by such Option Seller of this Agreement. 

(e) Litigation. As of the date of this Agreement, there are no Actions pending or, to the knowledge of such Option Seller, threatened
against such Option Seller, before any Governmental Authority that would prevent, materially impair or materially delay such Option Seller from performing their obligations hereunder. 

  
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 (f) No Other Representations or Warranties. Such Option Seller acknowledges that
neither the Purchaser nor any of its representatives has made or makes any representation or warranty to such Option Seller in respect of the Purchaser or the Transactions other than the representations and warranties contained in this Agreement.

 5. Trust Account. Notwithstanding anything to the contrary set forth herein, the Purchaser and the Option Sellers
acknowledge that the Company has established a trust account containing the proceeds of its IPO and from certain private placements (collectively, with interest accrued from time to time thereon, the “Trust Account”). The Purchaser
and each Option Seller agrees that (i) it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, and (ii) it shall have no right of set-off or any right,
title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, in each case in connection with this Agreement, and hereby irrevocably and unconditionally waives any Claim to, or to any monies in, the
Trust Account that the Purchaser or the Option Sellers may have in connection with this Agreement; provided, however, that nothing in this Section 5 shall be deemed to limit Purchaser’s or the Option Sellers’ right,
title, interest or claim to the Trust Account by virtue of such Purchaser’s or Option Sellers’ record or beneficial ownership of securities of the Company, including, but not limited to, any redemption right with respect to any such
securities of the Company. In the event the Purchaser or any Option Seller has any Claim against the Company under this Agreement, the Purchaser and each Option Seller shall pursue such Claim solely against the Company and its assets outside the
Trust Account and not against the property or any monies in the Trust Account. The Purchaser and each Option Seller agrees and acknowledges that such waiver is material to this Agreement and has been specifically relied upon by the Company to induce
the Company to enter into this Agreement and the Purchaser and each Option Seller further intends and understands such waiver to be valid, binding and enforceable under Applicable Law. In the event the Purchaser or any Option Seller, in connection
with this Agreement, commences any action or proceeding which seeks, in whole or in part, relief against the funds held in the Trust Account or distributions therefrom or against any of the Company’s stockholders, whether in the form of
monetary damages or injunctive relief, the Purchaser and each Option Seller shall be obligated to pay to the Company all of its legal fees and costs in connection with any such action in the event that the Company prevails in such action or
proceeding. 
 6. Closing Conditions. 

(a) The obligation of the Purchaser to purchase, and the obligation of the Option Sellers to sell, the Call Option Shares at the Call Option
Share Closing under this Agreement shall be subject to the fulfillment, at or prior to the Call Option Share Closing of each of the following conditions, any of which, to the extent permitted by Applicable Laws, may be waived by the Purchaser and
the Option Sellers: 
 (i) The Transactions shall be consummated substantially concurrently with, and immediately preceding,
the purchase of the Call Option Shares, provided, that, if any approval by a Governmental Authority is required in connection with the transactions contemplated hereby, the transactions contemplated hereby shall be consummated following such
approval being obtained; and 

  
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 (ii) No provision of Applicable Law, and no judgment, injunction, order or
decree of any applicable Governmental Authority, shall prohibit the consummation of the transactions contemplated hereby. 
 7.
Termination. This Agreement may be terminated at any time prior to the Call Option Share Closing: 
 (a) by written consent of each of
the Option Sellers, on the one hand, and the Purchaser, on the other; 
 (b) automatically upon the termination of the Business Combination
Agreement, as provided under the terms therein; or 
 (c) automatically, if the Call Option Period has ended without valid delivery by the
Purchaser of the Call Option Notice. 
 In the event of any termination of this Agreement pursuant to this Section 7, this Agreement
shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or any Option Seller or any of their respective directors, officers, employees, partners, managers, members, or shareholders and all rights
and obligations of each party shall cease; provided, however, that nothing contained in this Section 7 shall relieve either party from liabilities or damages arising out of any fraud or willful breach by such party of any of its
representations, warranties, covenants or agreements contained in this Agreement. Section 7 shall survive termination of this Agreement. Section 5 shall survive termination of this Agreement. 

8. General Provisions. 

(a) Notices. Any notice or communication required or permitted hereunder shall be in writing and either delivered personally, emailed or
sent by overnight mail via a reputable overnight carrier, or sent by certified or registered mail, postage prepaid, and shall be deemed to be given and received (i) when so delivered personally, (ii) when sent, with no mail undeliverable
or other rejection notice, if sent by email, or (iii) three (3) Business Days after the date of mailing to the address below or to such other address or addresses as such person may hereafter designate by notice given hereunder: 

(i) If to the Purchaser, to: 

GSAM Holdings LLC 
 200 West
Street 
 New York, New York 10282 

Attention: Thomas R. Knott, David S. Plutzer 

E-mail: tom.knott@gs.com; david.plutzer@gs.com 

  
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 with a copy (which shall not constitute notice) to: 

Weil, Gotshal & Manges LLP 

767 Fifth Avenue 
 New York, NY
10153 
 Attention: Michael J. Aiello, Brian Parness 

E-mail: michael.aiello@weil.com; brian.parness@weil.com 

(ii) If to the Company, to: 
 GS
Acquisition Holdings Corp II 
 200 West Street 

New York, New York 10282 

Attention: Thomas R. Knott, David S. Plutzer 

E-mail: tom.knott@gs.com; david.plutzer@gs.com 

with a copy (which shall not constitute notice), (1) if prior to BCA Closing, to: 

Weil, Gotshal & Manges LLP 

767 Fifth Avenue 
 New York, NY
10153 
 Attention: Michael J. Aiello, Brian Parness 

E-mail: michael.aiello@weil.com; brian.parness@weil.com 

or (2) if following BCA Closing to: 

Davis Polk & Wardwell LLP 

1600 El Camino Real Ste. 100 

Menlo Park, California 94025 

Attention: Alan F. Denenberg, Stephen Salmon 

E-mail:alan.denenberg@davispolk.com; stephen.salmon@davispolk.com 

with a copy (which copy shall not constitute notice) to: 

Freshfields Bruckhaus Deringer LLP 

601 Lexington Avenue, 31st Floor 

New York, New York 10019 

Attention: Valerie Ford Jacob 
 E-mail: valerie.jacob@freshfields.com 
 Freshfields Bruckhaus Deringer LLP 

9 avenue de Messine 
 75008
Paris, France 
 Attention: Yann Gozal 

E-mail: yann.gozal@freshfields.com 

  
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 (iii) If to an Option Seller, to: 

the address set forth on the signature page hereto . 

(b) Entire Agreement. This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings,
representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof, including any commitment letter entered into relating to the subject matter hereof. 

(c) No Third Party Beneficiaries. This Agreement shall be binding on, and inure solely to the benefit of, the parties hereto and their
respective successors and assigns, and nothing set forth in this Agreement shall be construed to confer upon or give any Person, other than the parties hereto and their respective successors and permitted assigns, any benefits, rights or remedies
under or by reason of, or any rights to enforce or cause the Purchaser or the Option Sellers to enforce, this Agreement. 
 (d)
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors.
Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement. 
 (e) Assignments. Except as otherwise specifically provided herein, no party hereto
may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties hereto. Notwithstanding the foregoing, the Purchaser may assign and delegate all or a portion of its
rights to purchase the Call Option Shares to one or more other persons upon the consent of each of the Option Sellers (which consent shall not be unreasonably conditioned, withheld or delayed); provided, however, that no consent of the
Option Sellers shall be required if such assignment or delegation is to an Affiliate, employee, partner or client of Purchaser or its Affiliates; provided, further, that no such assignment or delegation shall relieve the Purchaser of
its obligations hereunder (including its obligation to purchase the Call Option Shares) and the Option Sellers shall be entitled to pursue all rights and remedies against the Purchaser in respect its obligations subject to the terms and conditions
hereof. Any purported assignment or assumption of this Agreement or any right or obligation hereunder in contravention of this Section 5(e) shall be void ab initio. 

(f) Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties, it being understood that the parties need not sign the same counterpart. 

(g) Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only
and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof. 

  
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 (h) Governing Law. This Agreement, and any claim or cause of action hereunder based
upon, arising out of or related to this Agreement (whether based on law, in equity, in contract, in tort or any other theory) or the negotiation, execution, performance or enforcement of this Agreement, shall be governed by and construed in
accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of law thereof. 
 (i) Consent to
Jurisdiction; Waiver of Jury Trial. Each of the parties irrevocably consents to the exclusive jurisdiction and venue of the Court of Chancery of the State of Delaware, provided that if subject matter jurisdiction over the matter that is the
subject of the legal proceeding is vested exclusively in the U.S. federal courts, such legal proceeding shall be heard in the U.S. District Court for the District of Delaware (together with the Court of Chancery of the State of Delaware,
“Chosen Courts”), in connection with any matter based upon or arising out of this Agreement. Each party hereby waives, and shall not assert as a defense in any legal dispute, that (i) such person is not personally subject to
the jurisdiction of the Chosen Courts for any reason, (ii) such legal proceeding may not be brought or is not maintainable in the Chosen Courts, (iii) such person’s property is exempt or immune from execution, (iv) such legal
proceeding is brought in an inconvenient forum or (v) the venue of such legal proceeding is improper. Each party hereby consents to service of process in any such proceeding in any manner permitted by Delaware law, further consents to service
of process by nationally recognized overnight courier service guaranteeing overnight delivery, or by registered or certified mail, return receipt requested, at its address specified pursuant to Section 7(a) and waives and covenants not to
assert or plead any objection which they might otherwise have to such manner of service of process. Notwithstanding the foregoing in this Section 7(i), a party may commence any action, claim, cause of action or suit in a court other than the
Chosen Courts solely for the purpose of enforcing an order or judgment issued by the Chosen Courts. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR
COUNTERCLAIMS ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS AGREEMENT WHETHER NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS PROHIBITED, NO PARTY SHALL ASSERT IN SUCH
LEGAL DISPUTE A NONCOMPULSORY COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. FURTHERMORE, NO PARTY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN WHICH A JURY TRIAL CANNOT BE WAIVED.

 (j) Modifications and Amendments. This Agreement may not be amended, modified, supplemented or waived except by an instrument in
writing, signed by the party against whom enforcement of such amendment, modification, supplement or waiver is sought. 
 (k)
Severability. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall
continue in full force and effect. 

  
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 (l) Expenses. The parties will each be responsible for their costs and expenses
incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel and
accountants. The Company will be responsible for all fees and expenses incurred in connection with transfer agents, stamp taxes and all of The Depository Trust Company’s fees associated with the resale of the Call Option Shares. 

(m) Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or
question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any
provision of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words
“include,” “includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any
other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,”
“hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty,
and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant
relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or
covenant. 
 (n) Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder,
whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence. 

(o) Specific Performance; Enforcement. Each party agrees that irreparable damage may occur to the other parties hereto in the event any
provision of this Agreement is not performed by such party in accordance with the terms hereof and that the other parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or equity, without a
requirement to post bond or any other security. This Agreement may be enforced only by the parties to this Agreement, and no person that is not a party to this Agreement shall have any right to enforce this Agreement. 

(p) Further Assurances. Each party will, at the request of the other party, promptly take all actions, and execute and deliver all other
agreements and documents, which may be reasonably required to give effect to the terms of and the transactions contemplated by this Agreement, including using reasonable best efforts to obtain any Governmental Approvals required to effect the Call
Option Closing. 
 [Signature Page Follows] 

  
 12 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the
date first set forth above. 
  

			
	GSAM HOLDINGS LLC
		
	By:	 	         

		 	Name:
		 	Title:
	
	GS ACQUISITION HOLDINGS CORP II
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	OPTION SELLERS:
	[●]
		
	By:	 	         

	Name:
	Title:
	Address:
	
	[●]
		
	By:	 	  

	Name:
	Title:
	Address:
	
	[●]
		
	By:	 	  

	Name:
	Title:
	Address:

 Schedule 1 

 

			
	 Option Seller
	  	 New SPAC Class A Common Shares

	[●]	  	[●]
	[●]	  	[●]
	[●]	  	[●]
	[●]	  	[●]
	[●]	  	[●]
	[●]	  	[●]

 Exhibit A 

Call Notice 
 (see
attached) 

 FORM OF CALL NOTICE 

[PURCHASER HEADER] 
 [ADDRESS] 

[DATE] 
 [OPTION SELLER ADDRESS] 

Re: Call Notice 
 Ladies and Gentlemen:

 Reference is made to that certain Option Agreement (the “Agreement”), dated as of [●], 2021. Each capitalized term
used but not defined herein has the meaning given to it in the Agreement. 
 The Purchaser hereby exercises its Call Right under the
Agreement to purchase [●] of your New SPAC Class A Common Shares. 
 If you have any questions, please contact [CONTACT] at
[EMAIL]. 
  

			
	 Sincerely,

	
	GSAM HOLDINGS LLC
		
	By:	 	  

		 	Name: [●]
		 	Title:   [●]

 Copy: 
 [NAME]

 [ADDRESS] 
 Attention: [NAME] 

Email: [EMAIL] 
 [NAME] 

[ADDRESS] 
 Attention: [NAME] 

Email: [EMAIL 
 [NAME] 

[ADDRESS] 
 Attention: [NAME] 

Email: [EMAIL 
 [NAME] 

[ADDRESS] 
 Attention: [NAME] 

Email: [EMAILEX-10.1

 Exhibit 10.1 

FARMERS NATIONAL BANC CORP. 

RESTRICTED STOCK AWARD AGREEMENT 
 Farmers
National Banc Corp. (the “Company”) hereby grants the undersigned Participant an Award pursuant to the Farmers National Banc Corp. 2017 Equity Incentive Plan (the “Equity LTI Plan”) as evidenced by the Notice of Grant as
further described in this Award Agreement (this “Award Agreement”). 
  

	1.	 Nature of Award. Effective as of the date specified (the “Grant Date”) in the attached Notice
of Grant (the “Grant Notices”), the Company hereby grants to the individual identified in the Grant Notice (the “Participant”) the award as set forth in the Grant Notice (the “Award”). The Award is subject to the terms
and conditions described in the Plan, this Award Agreement and the Grant Notice. 

  

	2.	 Number of Shares. The number of Shares of Restricted Stock in your Award is set forth in the Grant
Notice. For purposes of this Award Agreement, each whole Share award represents the right to receive one Share. 

  

	3.	 Vesting. The Participant’s Shares of Restricted Stock will be settled or will be forfeited
depending on whether the terms and conditions described in the Grant Notice, this Award Agreement, and the Plan are satisfied. Accordingly, your Shares normally will vest on the “Normal Vesting Date” in accordance with the schedule
identified in the Grant Notice. If the scheduled Normal Vesting Date is a non-business day, the next following business day will be considered the Normal Vesting Date. 

 

	4.	 Forfeiture of Awards: If the Company is required to prepare an accounting restatement due to material non-compliance of the Company, as a result of misconduct by a Participant, with any financial reporting requirement under any applicable laws, the Participant shall reimburse the Company for all amounts received
under the Equity LTI Plan within 30 days after receipt of notice of the same from the Company. 

  

	5.	 Effect of Termination: Participant may forfeit this Award if employment terminates prior to the Normal
Vesting Date, although it will depend on the reason for termination as provided below: 

  

	 	a.	 Termination Due to Death or Disability. If you die or become Disabled, your Shares of Restricted Stock
will vest fully on the date of your death or Disability. 

  

	 	b.	 Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee
agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock determined by multiplying the number of Shares by a fraction, the numerator of which is the number of whole months you were
employed from the Grant Date to the date of Retirement, and the denominator of which is 24. 

  

	 	c.	 Termination for any Other Reason. If you terminate under any other circumstances, all Shares of
Restricted Stock will be forfeited on your termination date. 

	6.	 Restrictive Covenants. 

 

	 	a.	 Non-Competition. The Participant covenants and agrees that that
as a condition to and in consideration of this Agreement, during the term of the Participant’s employment and for a period of twelve (12) months thereafter (the “Non-Compete Restrictive
Period”), the Participant will not, directly or indirectly engage in or become interested in or connected with any business or venture that is competitive with the business of Company in the Protected Territory, either on his own behalf or with
others, directly or indirectly, as a shareholder, member, partner, director, officer, trustee, beneficiary, executor, administrator, personal representative, employee, agent, or otherwise, nor shall Participant manage, operate, control, own, provide
services to or be connected in any manner with any corporation, partnership, proprietorship, or other business entity that is competitive with the business of Company in the Protected Territory. 

 

	 	(i)	 A business or venture will be considered competitive with the business of Company if it involves providing
financial or banking services that a national banking association, bank holding company, state bank, savings and loan association or other regulated financial institution is permitted by law to conduct or furnish. 

 

	 	(ii)	 Protected Territory shall mean any location within a 25-mile radius of
any office of Company. 

  

	 	(iii)	 The Participant will be deemed to be directly or indirectly engaged, interested or participating in or
connected with a business or venture if he is a stockholder, partner, member, proprietor, officer, director, consultant, agent, or employee of such business or venture or an investor who, directly or indirectly, has advanced on loan, contributed to
capital or expended an amount or amounts constituting five percent (5%) or more of the capital or assets of such business or venture. 

  

	 	b.	 Non-Solicitation. The Participant acknowledges and agrees
that as a condition to and in consideration of this Agreement, during the term of the Participant’s employment and for a period of twenty four (24) months thereafter (the “Non-Solicitation
Restrictive Period”), the Participant will not, directly or indirectly: 

  

	 	(i)	 Solicit, engage or otherwise interfere with any customer or client who is at the time of termination or was
within the preceding six (6) months of termination a customer or client of Company, its subsidiaries or any other related entity for the purposes of directly or indirectly furnishing any financial or banking services that a national banking
association, bank holding company, state bank, savings and loan association or other regulated financial institution is permitted by law to conduct or furnish on the date the Participant’s employment is terminated. 

 

	 	(ii)	 Employ, solicit for employment, engage or otherwise interfere with any person who is at the time of termination
or was within the preceding six (6) months of termination employed by the Company, its subsidiaries or any related entity, or otherwise directly or indirectly induce or take any action which would encourage or influence any such person to leave
that person’s employment or terminate, reduce or modify their business or relationship with the Company, or any of its subsidiaries or related entities. 

  
 -2- 

 The restrictive covenants and Restrictive Periods provided for herein will not be construed
to limit the application of any other restrictive covenant or restriction period set forth in any other agreement entered into between the Participant and the Company. 
  

	 	c.	 Nondisclosure and Non-appropriation of Information. The
Participant recognizes and acknowledges that while employed by the Company, the Participant will have access to, learn, be provided with and, in some cases, prepare and create, certain Confidential Information (as defined in section (c) below),
proprietary information or Trade Secrets (as defined below) of the Company, including, but not limited to, processes, financial information, pricing information, operating techniques, marketing processes, training techniques, customer, vendor, and
referral source lists, price and cost information, files and forms, (collectively, the “Trade Secrets”), all of which are of substantial value to the Company and the businesses conducted by it. The Participant expressly covenants and
agrees that the Participant will: 

  

	 	(i)	 Hold in a fiduciary capacity and not reveal, communicate, use or cause to be used for the Participant’s
own benefit or divulge during the period of employment by the Company and for an indefinite period thereafter, any Confidential Information, proprietary information or Trade Secrets now or hereafter owned by the Company; 

 

	 	(ii)	 Not sell, exchange, give away, or otherwise dispose of Confidential Information, proprietary information or
Trade Secrets now or hereafter owned by the Company, whether the same will or may have been originated or discovered by the Company, the Participant or otherwise; 

 

	 	(iii)	 Not reveal, divulge or make known to any person, firm, company or corporation any Confidential Information,
proprietary information or Trade Secrets of the Company, unless such communication is required pursuant to a compulsory proceeding in which the Participant’s failure to provide such Confidential Information, proprietary information or Trade
Secrets would subject the Participant to criminal or civil sanctions and then only to the extent that Executive provides prior notice to Company prior to disclosure. 

 

	 	(iv)	 Return to the Company before termination of employment with the Company, any and all written information,
material or equipment that constitutes, contains or relates in any way to Confidential Information, proprietary information, Trade Secrets and any other documents, equipment, and material of any kind relating in any way to the business of the
Company, which are in the Participant’s possession, custody and control and which are or may be property of the Company, whether confidential or not, including any and all copies thereof which may have been made by or for the Participant and
that the Participant will maintain no copies thereof after termination of the Participant’s employment. 

  

	 	d.	 Definitions. 

  

	 	(i)	 “Confidential Information” means all information disclosed to or known by the Participant as a
consequence of or through is employment with the Company which either has not been made generally available to the public and is useful or of value to the current or anticipated business of the Company; or has been identified to the Participant as
confidential, either orally or in writing. 

  
 -3- 

	 	
Confidential Information includes without limitation computer software and programs; marketing, manufacturing, organizational research and development; business plans; sales forecasts;
identities, competence, abilities and compensation of other employees of the Company; pricing cost and other financial information; current and prospective customer and supplier lists and information about customers, suppliers or their employees;
information concerning planned or pending acquisitions or divestitures; and information concerning purchases of equipment or property. Confidential Information does not include information which is in or hereafter enters the public domain through no
fault of the Participant, or is disclosed by a third party having the legal right to use and disclose the information. 

  

	 	e.	 Other Terms and Conditions. 

 

	 	(i)	 The Participant acknowledges that the Participant is entering into this Agreement voluntarily and has given
careful consideration to the restraints imposed by this Agreement. Irrespective of the manner of any employment termination, the restraints imposed by this Agreement will be operative during their full time periods and throughout the restrictive
areas set forth in this Agreement. The Participant further acknowledges that if the Participant’s employment with the Company terminates for any reason the Participant can earn a livelihood without violating the foregoing restrictions and that
the Participant’s ability to earn a livelihood without violating these restrictions is a material employment condition. The Participant acknowledges and recognizes that if the Participant’s employment terminates for any reason, this
Section 6 of the Agreement will survive any such termination and any expiration of this Agreement. Further, the Participant agrees and consents that this Agreement is assignable by the Company. 

 

	 	(ii)	 The Participant agrees that if a court of law finds that the provisions of this Agreement are too harsh so that
they are unenforceable, then such court of law may enforce those restrictions and limitations which are acceptable and deemed enforceable by the court. 

  

	 	(iii)	 In the event the Participant breaches the terms of this Agreement, it is agreed that all time periods contained
in this Agreement will be tolled until the Participant ceases to breach this Agreement. 

  

	 	f.	 Injunction. The parties acknowledge and agree, due to the subject matter of this Agreement, that money
damages will be an inadequate remedy for a breach by Participant of any of the obligations hereunder. Consequently, if the Participant breaches or threatens to breach any of the obligations under this Agreement, the Participant agrees that the
Company shall have the right, in addition to any other rights or remedies available to it at law or in equity, to obtain equitable relief, including, without limitation, injunctive relief and specific performance, in the event of any breach or
threatened breach. Further, the parties hereto agree and declare that it may be impossible to measure in monetary terms the damages that may accrue to the Company by reason of Participant’s violation of this Agreement. Therefore, in the event
that the Company, or any successor in interest thereto, shall institute an action or proceeding to enforce the provisions of this Agreement, each party or other person against whom such action or proceeding is brought shall and hereby does, in
advance, waive the claim or defense that 

  
 -4- 

	 	
there is adequate remedy at law. In the event such injunctive relief is warranted and obtained by the Company, Participant agrees to pay all costs of said action, including reasonable attorney
fees. 

  

	7.	 Miscellaneous:  

 

	 	a.	 Non-Transferability. An Award may not be sold,
transferred, pledged, assigned or otherwise alienated or hypothecated, except by will or the laws of descent and distribution. 

  

	 	b.	 Beneficiary. Unless otherwise specifically designated by the Participant in writing, a
Participant’s beneficiary under the Equity LTI Plan shall be the Participant’s spouse or, if no spouse survives the Participant, the Participant’s estate. 

 

	 	c.	 No Right to Continued Service or to Awards. The granting of an Award shall impose no obligation on the
Company or any Affiliate to continue the employment of a Participant or interfere with or limit the right of the Company or any Affiliate to Terminate the employment of the Participant at any time, with or without Cause, which right is expressly
reserved. 

  

	 	d.	 Tax Withholding. The Company or an Affiliate, as applicable, shall have the power and the right to
deduct, withhold or collect any amount required by law or regulation to be withheld with respect to any taxable event arising with respect to an Award granted under the Equity LTI Plan. 

 

	 	e.	 Requirements of Law. The grant of Awards shall be subject to all applicable laws, rules and regulations
(including applicable federal and state securities laws) and to all required approvals of any governmental agencies or national securities exchange, market or other quotation system. 

 

	 	f.	 Governing Law. The Equity LTI Plan and all Award Agreements shall be governed by and construed in
accordance with the laws of (other than laws governing conflicts of laws) the State of Ohio. 

  

	 	g.	 Award Subject to Equity LTI Plan. The Award is subject to the terms and conditions described in this
Award Agreement and the Equity LTI Plan, which is incorporated by reference into and made a part of this Award Agreement. In the event of a conflict between the terms of the Equity LTI Plan and the terms of this Award Agreement, the terms of the
Equity LTI Plan will govern. The Committee has the sole responsibility of interpreting the Equity LTI Plan and this Award Agreement, and its determination of the meaning of any provision in the Equity LTI Plan or this Award Agreement will be binding
on the Participant. Capitalized terms that are not defined in this Award Agreement have the same meanings as in the Equity LTI Plan. 

  

	 	h.	 Section 409A Payment Delay. If a Participant is determined to be a
“specified employee” (within the meaning of Section 409A of the Code and as determined under the Company’s policy for determining specified employees), the Participant shall not be entitled to payment or to distribution of any
portion of an Award that is subject to Section 409A of the Code (and for which no exception applies) and is payable or distributable on account of the Participant’s “separation from service” (within the meaning of
Section 409A of the Code) until the expiration of six months from the date of such 

  
 -5- 

	 	
separation from service (or, if earlier, the Participant’s death). Such Award, or portion thereof, shall be paid or distributed on the first business day of the seventh month following such
separation from service. 

  

	 	i.	 Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which will be
deemed an original, but all of which will constitute one and the same instrument. 

  

									
	PARTICIPANT	 		 	FARMERS NATIONAL BANC CORP.
				
	 /s/ Troy Adair
	 		 	By:	 	 /s/ Mark A. Nicastro

	Troy Adair	 		 	Its:	 	Senior Vice President and Chief Human Resources Officer
			
	Date: June 21, 2021	 		 	Date: June 21, 2021

  
 -6-

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