Livent Corp (LTHM)

[TradingCharts]

RIGHT OF RETURN Page 44

We warrant to our customers that our products conform
to mutually agreed product specifications. This offering is
accounted for as a right of return and the transaction price is
adjusted for an estimate of expected returns.

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf

NOTE 6: INVESTMENTS Page 60

In the fourth quarter of 2020, Livent entered into an agreement
with The Pallinghurst Group relating to Québec Lithium Partners
(“QLP”), a joint venture owned equally by The Pallinghurst Group
and Livent, and the conduct of certain business operations and
oversight, previously conducted solely by Nemaska Lithium
Inc. for the development of a fully integrated lithium chemical
asset located in Québec, Canada that is not yet in commercial
production. QLP owns a 50% equity interest in the Nemaska
Project. The Company accounts for the investment in QLP as
an equity method investment on a one-quarter lag basis and is
included in Investments in our condensed consolidated balance
sheets. For the year ended December 31, 2021 we recorded a
$5.5 million loss related to our 50% equity interest in QLP to
Equity in net loss of unconsolidated affiliates in our consolidated
statement of operations. The carrying amount of our 50%
equity interest in QLP was $23.8 million and $21.2 million as
of December 31, 2021 and December 31, 2020, respectively.

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf