Document:

EX-10.5

 Exhibit 10.5 

FORM OF REGISTRATION RIGHTS AGREEMENT 

by and between 
 LIVENT
CORPORATION 
 and 
 THE
SHAREHOLDERS PARTY HERETO 
 Dated as of [—] 

 TABLE OF CONTENTS 

 
  

PAGE 
  

					
	ARTICLE I	  			
	DEFINITIONS	  			
		
	 Section 1.01. Definitions
	  	 	1	 
	 Section 1.02. Other Definitional and Interpretative Provisions
	  	 	4	 
		
	ARTICLE II	  			
	REGISTRATION RIGHTS	  			
		
	 Section 2.01. Demand Registration
	  	 	5	 
	 Section 2.02. Piggyback Registration
	  	 	7	 
	 Section 2.03. Shelf Registration
	  	 	8	 
	 Section 2.04. Lock-Up Agreements
	  	 	9	 
	 Section 2.05. Registration Procedures
	  	 	9	 
	 Section 2.06. Participation in Public Offering
	  	 	13	 
	 Section 2.07. Rule 144 Sales; Cooperation by the Company
	  	 	13	 
		
	ARTICLE III	  			
	INDEMNIFICATION AND CONTRIBUTION	  			
		
	 Section 3.01. Indemnification by the Company
	  	 	13	 
	 Section 3.02. Indemnification by Participating Shareholders
	  	 	14	 
	 Section 3.03. Conduct of Indemnification Proceedings
	  	 	14	 
	 Section 3.04. Contribution
	  	 	15	 
	 Section 3.05. Other Indemnification
	  	 	16	 
		
	ARTICLE IV	  			
	MISCELLANEOUS	  			
		
	 Section 4.01. Binding Effect; Assignability; Benefit
	  	 	16	 
	 Section 4.02. Waiver; Amendment
	  	 	17	 
	 Section 4.03. Independent Nature of Shareholders’ Obligations and Rights
	  	 	17	 
	 Section 4.04. Interpretation; Incorporation of Terms by Reference
	  	 	17	 

 Exhibit A    Joinder Agreement 

  
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 FORM OF REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT, dated as of [—], is by and between Livent Corporation, a Delaware corporation (the
“Company”), and FMC Corporation, including any Permitted Transferees (collectively, the “Shareholders” and individually, a “Shareholder”). Capitalized terms used herein and not otherwise defined
shall have the respective meanings assigned to them in Article I hereof. 
 In consideration of the mutual promises made herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. For the purposes of this Agreement the following terms shall have the following meanings;
provided that capitalized terms used but not otherwise defined in this Section 1.01 shall have the respective meanings ascribed to such terms in the Separation and Distribution Agreement: 

“Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any
federal, state, local, foreign or international Governmental Authority or any arbitration or mediation tribunal. 

“Affiliate” of any Person means a Person that controls, is controlled by, or is under common control with such Person. As
used herein, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities or other interests, by
contract or otherwise. 
 “Agreement” means this Registration Rights Agreement, including all of the schedules and exhibits
hereto. 
 “Board” means the board of directors of the Company. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions are authorized or
obligated by Law to be closed in New York, New York. 
 “Company” has the meaning set forth in the preamble hereto. 

“Damages” has the meaning set forth in Section 3.01. 

“Demand Registration” has the meaning set forth in Section 2.01(a). 

“Effectiveness Date” means the date upon which a Shareholder is no longer subject to underwriter lock up or other contractual
restriction entered into in connection with the First Public Offering. 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“FINRA” means the Financial Industry Regulatory Authority (formerly, the National Association of Securities Dealers, Inc.)
and any successor thereto. 
 “First Public Offering” means the Company’s initial Public Offering. 

“Governmental Authority” means any nation or Government, any state, municipality or other political subdivision thereof, and
any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign or multinational, exercising executive, legislative, judicial, regulatory, administrative or
other similar functions of, or pertaining to, Government and any executive official thereof. As used in this definition, “Government” is meant to include all levels and subdivisions of both U.S. and
non-U.S. governments (i.e., local, regional or national, and administrative, legislative or executive). 

“Indemnified Party” has the meaning set forth in Section 3.03. 

“Indemnifying Party” has the meaning set forth in Section 3.03. 

“Inspectors” has the meaning set forth in Section 2.05(g). 

“Law” means any United States or non-United States federal, national, supranational, state, provincial, local or similar law
(including common law), statute, ordinance, regulation, rule, code, order, treaty, license, permit, authorization, registration, approval, consent, decree, injunction, judgment, notice of liability, request for information, binding judicial or
administrative interpretation or other requirement, in each case, enacted, promulgated, issued, entered or otherwise put into effect by a Governmental Authority. 

“Lock-up Agreement” has the meaning set forth in Section 2.04(a). 

“Maximum Offering Size” has the meaning set forth in Section 2.01(e). 

“Permitted Transferee” means in the case of any Shareholder, a Person to whom Registrable Securities are Transferred by such
Shareholder; provided that (i) such Transfer does not violate any agreements between such Shareholder and the Company or any of the Company’s subsidiaries, (ii) such Transfer is not made in a registered offering or pursuant to
Rule 144 and (iii) such transferee shall only be a Permitted Transferee if and to the extent the transferor designates the transferee as a Permitted Transferee entitled to rights hereunder pursuant to Section 4.01(b). 

“Person” means an individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated
organization, a limited liability entity, any other entity and any Governmental Authority. 
 “Piggyback Registration” has
the meaning set forth in Section 2.02(a). 

  
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 “Public Offering” means an underwritten public offering of Shares pursuant
to an effective registration statement under the Securities Act, other than pursuant to a registration statement on Form S-4 or Form S-8 or any similar or successor
form. 
 “Records” has the meaning set forth in Section 2.05(g). 

“Registering Shareholders” has the meaning set forth in Section 2.01(a). 

“Registrable Securities” means the Shares beneficially owned by a Shareholder on the date of this Agreement (including any
such Shares that are subsequently transferred to a Permitted Transferee) until (i) a registration statement with respect to the sale thereof shall have become effective under the Securities Act and such securities shall have been disposed of in
accordance with such registration statement; (ii) such shares shall have been sold as permitted by Rule 144 (or any successor provision) under the Securities Act; (iii) such shares shall have been otherwise transferred and subsequent
public distribution of them shall not require registration of such distribution under the Securities Act; or (iv) such shares shall have ceased to be outstanding. 

“Registration Expenses” means any and all expenses incident to the performance of, or compliance with, any registration or
marketing of securities, including all (i) registration and filing fees, and all other fees and expenses payable in connection with the listing of securities on any securities exchange or automated interdealer quotation system, (ii) fees
and expenses of compliance with any securities or “blue sky” laws (including reasonable fees and disbursements of counsel in connection with “blue sky” qualifications of the securities registered), (iii) expenses in
connection with the preparation, printing, mailing and delivery of any registration statements, prospectuses and other documents in connection therewith and any amendments or supplements thereto, (iv) security engraving and printing expenses,
(v) internal expenses of the Company (including all salaries and expenses of its officers and employees performing legal or accounting duties), (vi) reasonable fees and disbursements of counsel for the Company and customary fees and
expenses for independent certified public accountants retained by the Company (including the expenses relating to any comfort letters or costs associated with the delivery by independent certified public accountants of any comfort letters requested
pursuant to Section 2.05(h)), (vii) reasonable fees and expenses of any special experts retained by the Company in connection with such registration, (viii) reasonable fees, out-of-pocket costs and expenses of the Shareholders, including the reasonable fees and disbursements of one counsel for all of the Shareholders participating in the offering selected by the Shareholders
holding the majority of the Registrable Securities to be sold for the account of all Shareholders in the offering, (ix) fees and expenses in connection with any review by FINRA of the underwriting arrangements or other terms of the offering,
and all fees and expenses of any “qualified independent underwriter,” including the fees and expenses of any counsel thereto, (x) fees and disbursements of underwriters customarily paid by issuers or sellers of securities, but
excluding any underwriting fees, discounts and commissions attributable to the sale of Registrable Securities, (xi) costs of printing and producing any agreements among underwriters, underwriting agreements, any “blue sky” or legal
investment memoranda and any selling agreements and other documents in connection with the offering, sale or 

  
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delivery of the Registrable Securities, (xii) transfer agents’ and registrars’ fees and expenses and the fees and expenses of any other agent or trustee appointed in connection
with such offering, (xiii) expenses relating to any analyst or investor presentations or any “road shows” undertaken in connection with the registration, marketing or selling of the Registrable Securities, and (xiv) all out-of-pocket costs and expenses incurred by the Company or its appropriate officers in connection with their compliance with Section 2.05(m). Except as set forth in
clause (viii) above, Registration Expenses shall not include any out-of-pocket expenses of the Shareholders (or the agents who manage their accounts). 

“Requesting Shareholder” has the meaning set forth in Section 2.01(a). 

“Rule 144” means Rule 144 (or any successor or similar provisions) under the Securities Act. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Separation and Distribution Agreement” means the Separation and Distribution Agreement, dated on or about the date hereof,
by and between Parent and the Company, as amended, modified or supplemented from time to time. 
 “Shareholder” has the
meaning set forth in the preamble hereto. 
 “Shares” means shares of common stock, par value $0.001 per share, of the
Company and any shares into which such Shares may thereafter be converted or changed. 
 “Shelf Registration” has the
meaning set forth in Section 2.03. 
 “Transfer” means, with respect to any Registrable Securities, (i) when used
as a verb, to sell, assign, dispose of, exchange, pledge, encumber, hypothecate or otherwise transfer such Registrable Securities or any participation or interest therein, whether directly or indirectly, or agree or commit to do any of the foregoing
and (ii) when used as a noun, a direct or indirect sale, assignment, disposition, exchange, pledge, encumbrance, hypothecation, or other transfer of such Registrable Securities or any participation or interest therein or any agreement or
commitment to do any of the foregoing. 
 “Underwritten Takedown” has the meaning set forth in Section 2.03. 

Section 1.02. Other Definitional and Interpretative Provisions. Words in the singular shall be held to include the plural and vice
versa and words of one gender shall be held to include the other genders as the context requires. The terms “hereof,” “herein” and “herewith” and words of similar import shall, unless otherwise stated, be construed to
refer to this Agreement as a whole and not to any particular provision of this Agreement. Section and Exhibit references are to the Sections and Exhibits to this Agreement unless otherwise specified. The word “including” and words of
similar import when used in this Agreement shall mean “including, without limitation,” unless otherwise specified. 

  
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 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.01. Demand Registration. (a) Following the Effectiveness Date, any Shareholder or group of Shareholders (the
requesting Shareholder(s) shall be referred to herein as the “Requesting Shareholder”) may request that the Company effect the registration under the Securities Act of all or any portion of the Requesting Shareholder’s
Registrable Securities and specify the intended method of disposition thereof. The Company shall as promptly as reasonably practicable following the date of receipt by the Company of such request give notice of such requested registration (each such
request shall be referred to herein as a “Demand Registration”) and, in any event, no later than five Business Days prior to the anticipated filing date of the registration statement relating to such Demand Registration to any
other Shareholders and thereupon shall use all commercially reasonable efforts to effect, as expeditiously as possible, the registration under the Securities Act of: 

(i) subject to the restrictions set forth in Section 2.01(e), all Registrable Securities for which the Requesting
Shareholder has requested registration under this Section 2.01, and 
 (ii) subject to the restrictions set forth in
Sections 2.01(e) and 2.02, all other Registrable Securities that any Shareholders (all such Shareholders, together with the Requesting Shareholder, the “Registering Shareholders”) have requested the Company to register pursuant to
Section 2.02, by request received by the Company within two Business Days after such Shareholders receive the Company’s notice of the Demand Registration, 

all to the extent necessary to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be
registered, provided that the Company shall not be obligated to effect a Demand Registration unless the aggregate proceeds expected to be received from the sale of the Registrable Securities requested to be included in such Demand
Registration equals or exceeds $50,000,000 or such lesser amount that constitutes all of the Requesting Shareholder’s Registrable Securities. In no event shall the Company be required to effect more than one Demand Registration or Underwritten
Takedown hereunder within any ninety-day period or four or more Demand Registrations and Underwritten Takedowns, in the aggregate, in any period of twelve consecutive months. 

(b) Promptly after the expiration of the two-Business Day period referred to in
Section 2.01(a)(ii), the Company will notify all Registering Shareholders of the identities of the other Registering Shareholders and the number of shares of Registrable Securities requested to be included therein. At any time prior to the
effective date of the registration statement relating to such registration, the Requesting Shareholder may revoke such request, without liability to any of the other Registering Shareholders, by providing a notice to the Company revoking such
request. Notwithstanding clause (d) below, a request, so revoked, shall be considered to be a Demand Registration unless (i) such revocation arose out of the fault of the Company (in which case the Company

  
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shall be obligated to pay all Registration Expenses in connection with such revoked request), or (ii) the Requesting Shareholder reimburses the Company for all Registration Expenses (other
than the expenses set forth under clause (v) of the definition of the term Registration Expenses) of such revoked request. 
 (c) The
Company shall be liable for and shall pay all Registration Expenses in connection with any Demand Registration, regardless of whether such Registration is effected, unless the Requesting Shareholder elects to pay such Registration Expenses as
described in the last sentence of Section 2.01(b). 
 (d) A Demand Registration shall not be deemed to have occurred unless the
registration statement relating thereto (A) has become effective under the Securities Act and (B) has remained effective for a period of at least 30 days (or such shorter period in which all Registrable Securities of the Registering
Shareholders included in such registration have actually been sold thereunder), provided that a Demand Registration shall not be deemed to have occurred if, after such registration statement becomes effective, (1) such registration
statement is interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court and (2) less than 75% of the Registrable Securities included in such registration statement have been sold
thereunder. 
 (e) If a Demand Registration involves a Public Offering and the managing underwriter advises the Company and the Requesting
Shareholder that, in its view, the number of shares of Registrable Securities requested to be included in such registration exceeds the largest number of shares that can be sold without having an adverse effect on such offering, including the price
at which such shares can be sold (the “Maximum Offering Size”), the Company shall include in such registration up to the Maximum Offering Size all Registrable Securities requested to be included in such registration by all
Registering Shareholders (allocated, if necessary for the offering not to exceed the Maximum Offering Size, pro rata among such Shareholders on the basis of the relative number of Registrable Securities held by each such Shareholder). 

(f) Upon notice to the Requesting Shareholder, the Company may postpone effecting a registration pursuant to this Section 2.01 for a
reasonable time specified in the notice but not exceeding, together with any suspension pursuant to Section 2.03(c) hereof, 60 days in the aggregate in any period of twelve consecutive months (which period may not be extended or renewed), if
the Board determines in good faith that: (i) upon the advice of an investment bank, effecting the registration could materially and adversely affect an offering of securities of the Company the preparation of which had then been commenced,
(ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice would not be in the best interests of the Company or
(iii) effecting the registration would impede, delay or interfere with any pending material acquisition, corporate reorganiation or similar transaction of the Company. 

  
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 (g) In no event shall any securities be registered by the Company (including for the benefit
of any other Persons not party to this Agreement) other than Registrable Securities in connection with a Demand Registration made pursuant to this Section 2.01. 

Section 2.02. Piggyback Registration. (a) Following the Effectiveness Date, if the Company proposes to register any Shares
under the Securities Act (other than (i) a Demand Registration or a Shelf Registration, which will be subject to the provisions of Sections 2.01 and 2.03, respectively, or (ii) a registration on Form S-8
or S-4, or any successor or similar forms, relating to Shares issuable upon exercise of employee stock options or in connection with any employee benefit or similar plan of the Company or in connection with a
direct or indirect acquisition by the Company of another Person), whether or not for sale for its own account, the Company shall each such time give prompt notice at least ten Business Days prior to the anticipated filing date of the registration
statement relating to such registration to each Shareholder, which notice shall set forth such Shareholder’s rights under this Section 2.02 and shall offer such Shareholder the opportunity to include in such registration statement the
number of Registrable Securities as each such Shareholder may request (a “Piggyback Registration”), subject to the provisions of Section 2.02(b). Upon the request of any such Shareholder made within five Business Days after the
receipt of notice from the Company (which request shall specify the number of Registrable Securities intended to be registered by such Shareholder), the Company shall use all commercially reasonable efforts to effect the registration under the
Securities Act of all Registrable Securities that the Company has been so requested to register by all such Shareholders, to the extent required to permit the disposition of the Registrable Securities so to be registered, provided that
(A) if such registration involves a Public Offering, all such Shareholders requesting to be included in the Company’s registration must sell their Registrable Securities to the underwriters selected as provided in Section 2.05(f) on
the same terms and conditions as apply to the Company or the Requesting Shareholders, as applicable, and (B) if, at any time after giving notice of its intention to register any Registrable Securities pursuant to this Section 2.02(a) and
prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to register such securities, the Company shall give notice to all such Shareholders and, thereupon,
shall be relieved of its obligation to register any Registrable Securities in connection with such registration. No registration effected under this Section 2.02 shall relieve the Company of its obligations to effect a Demand Registration to
the extent required by Section 2.01 or a Shelf Registration to the extent required by Section 2.03. The Company shall pay all Registration Expenses in connection with each Piggyback Registration. 

(b) If a Piggyback Registration involves a Public Offering and the managing underwriter advises the Company that, in its view, the number of
Shares that the Company and such Shareholders intend to include in such registration exceeds the Maximum Offering Size, the Company shall include in such registration, in the following priority, up to the Maximum Offering Size: 

(i) first, so much of the Registrable Securities proposed to be registered for the account of the Company (or, if such
registration is pursuant to a demand by a Person that is not a Shareholder, for the account of such other Person) as would not cause the offering to exceed the Maximum Offering Size, 

  
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 (ii) second, all Registrable Securities requested to be included in such
registration by any Shareholders pursuant to this Section 2.02 (allocated, if necessary for the offering not to exceed the Maximum Offering Size, pro rata among such Shareholders on the basis of the relative number of shares of Registrable
Securities so requested to be included in such registration by each), and 
 (iii) third, any securities proposed to be
registered for the account of any other Persons with such priorities among them as the Company shall determine. 
 Section 2.03.
Shelf Registration. (a) (i) Following the Effectiveness Date, any Shareholder may request that the Company effect the registration under the Securities Act of all or any portion of such Shareholder’s Registrable Securities under a
Registration Statement pursuant to Rule 415 under the Securities Act (or any successor or similar rule) (a “Shelf Registration”). The Company shall file such Registration Statement as promptly as reasonably practicable and shall use
reasonable best efforts to cause such Shelf Registration to become effective. The Company shall only be required to effectuate one Public Offering from any Shelf Registration (an “Underwritten Takedown”) within any ninety-day period and not more than four Public Offerings pursuant to Underwritten Takedowns and Demand Registrations, in the aggregate, in any period of twelve consecutive months. Underwritten Takedowns may only be
requested by Shareholders where the aggregate proceeds expected to be received from the sale of the Registrable Securities pursuant to such Underwritten Takedown equals or exceeds $50,000,000 or such lesser amount that constitutes all of the
Requesting Shareholder’s Registrable Securities. The provisions of Section 2.01 shall apply mutatis mutandis to each Underwritten Takedown, with references to “filing of the registration statement” or “effective
date” being deemed references to filing of a prospectus or supplement for such offering and references to “registration” being deemed references to the offering; provided that Registering Shareholders shall only include
Shareholders whose Registrable Securities are included in such Shelf Registration or may be included therein without the need for an amendment to such Shelf Registration (other than an automatically effective amendment). So long as the Shelf
Registration is effective, no Shareholder may request any Demand Registration pursuant to Section 2.01 with respect to Registrable Shares that are registered on such Shelf Registration but shall instead have the right to request an Underwritten
Takedown as set forth above. 
 (b) The Company shall be liable for and pay all Registration Expenses in connection with any Shelf
Registration. 

  
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 (c) Upon notice to the Shareholders, the Company may suspend usage of any such Shelf
Registration on for a reasonable time specified in the notice but not exceeding, together with any suspension pursuant to Section 2.01(f) hereof, 60 days in the aggregate in any period of twelve consecutive months (which period may not be
extended or renewed), if the Board determines in good faith that: (i) upon the advice of an investment bank, permitting usage of such Shelf Registration could materially and adversely affect an offering of securities of the Company the
preparation of which had then been commenced, (ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice would not be in the
best interests of the Company or (iii) permitting usage of such Shelf Registration would impede, delay or interfere with any pending material acquisition, corporate reorganiation or similar transaction. 

Section 2.04. Lock-Up Agreements. (a) If any registration of Registrable Securities
shall be effected in connection with a Public Offering after the First Public Offering, none of the Company, its directors or officers or any Shareholder participating in such offering shall effect any public sale or distribution, including any sale
pursuant to Rule 144, of any Shares or other equity or equity-linked securities of the Company (except as part of such Public Offering) during the period beginning 14 days prior to the effective date of the applicable registration statement or, in
the case of a Shelf Registration, 14 days prior to launch of the offering until the earlier of (x) such time as the Company and the lead managing underwriter shall agree and (y) 90 days following the pricing date of the offering, and each
shall, upon request, execute a lock-up agreement containing such terms in customary form (a “Lock-up Agreement”). In no event shall the duration of such
restrictions imposed upon any Shareholder be longer than those imposed upon the Company. 
 (b) Whenever the Company proposes to offer and
sell shares of its common stock for its own account pursuant to a Public Offering, each Shareholder shall, upon request, enter into a Lock-Up Agreement (other than with respect to any Registrable Securities
included in such Public Offering pursuant to Section 2.02 hereof) containing terms and of a duration consistent with those set forth in Section 2.04(a) hereof. In no event shall the duration of such restrictions imposed upon the Company be
longer than those imposed upon any Shareholder. 
 Section 2.05.Registration Procedures. Whenever Shareholders request that any
Registrable Securities be registered pursuant to Section 2.01 or 2.02, or the Company prepares a Shelf Registration pursuant to Section 2.03, subject to the provisions of such Sections, the Company shall use all commercially reasonable
efforts to effect the registration and the sale of Registrable Securities covered thereby in accordance with the intended method of disposition thereof as quickly as reasonably practicable, and, in connection with any such request: 

(a) The Company shall as expeditiously as possible prepare and file with the SEC a registration statement on any form for which the Company
then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof, and use
all commercially reasonable efforts to cause such filed registration statement to become and remain effective for a period of not 

  
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less than 30 days, or in the case of a Shelf Registration, three years (or such shorter period in which all of the Registrable Securities of the Shareholders included in such registration
statement shall have actually been sold thereunder or cease to be Registrable Securities), subject to Section 2.03(c). Any such registration statement shall be an automatically effective registration statement to the extent permitted by the
SEC’s rules and regulations. 
 (b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto
(other than any report filed pursuant to the Exchange Act that is incorporated by reference therein), the Company shall, if requested, furnish to each participating Shareholder and each underwriter, if any, of the Registrable Securities covered by
such registration statement copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to such Shareholder and underwriter, if any, such number of copies of such registration statement, each amendment and
supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other
prospectus filed under Rule 424, Rule 430A, Rule 430B or Rule 430C under the Securities Act and such other documents as such Shareholder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities owned
by such Shareholder. 
 (c) After the filing of the registration statement, the Company shall (i) cause the related prospectus to be
supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the disposition of all Registrable
Securities covered by such registration statement during the applicable period in accordance with the intended methods of disposition by the Shareholders thereof set forth in such registration statement or supplement to such prospectus and
(iii) promptly notify each Shareholder holding Registrable Securities covered by such registration statement of any stop order issued or threatened by the SEC or any state securities commission and take all reasonable actions required to
prevent the entry of such stop order or to remove it if entered. 
 (d) The Company shall use all commercially reasonable efforts to
register or qualify the Registrable Securities covered by such registration statement under such other securities or “blue sky” laws of such jurisdictions in the United States as any Registering Shareholder holding such Registrable
Securities reasonably (in light of such Shareholder’s intended plan of distribution) requests, provided that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise
be required to qualify but for this Section 2.05(d), (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process in any such jurisdiction. 

  
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 (e) The Company shall immediately notify each Shareholder holding Registrable Securities
covered by such registration statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so
that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading and, subject to Section 2.03(c), promptly prepare and make available to each such Shareholder and file with the SEC any such supplement or amendment. 

(f) The Requesting Shareholder shall have the right to select an underwriter or underwriters in connection with any Public Offering resulting
from any exercise of a Demand Registration (including any Underwritten Takedown), which underwriter or underwriters shall be reasonably acceptable to the Company. In connection with any Public Offering, the Company shall enter into customary
agreements (including an underwriting agreement in customary form) and take such all other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including
the engagement of a “qualified independent underwriter” in connection with the qualification of the underwriting arrangements with FINRA. 

(g) Upon execution of confidentiality agreements in form and substance reasonably satisfactory to the Company, the Company shall, in
connection with any Public Offering, make available for inspection by any Shareholder and any underwriter participating in any disposition pursuant to a registration statement being filed by the Company pursuant to this Section 2.05 and any
attorney, accountant or other professional retained by any such Shareholder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively,
the “Records”) as shall be reasonably necessary or desirable to enable any of the Inspectors to exercise its due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information
reasonably requested by any Inspectors in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the
Inspectors unless (i) the disclosure of such Records is necessary to avoid or correct a material misstatement or omission in such registration statement or (ii) the release of such Records is ordered pursuant to a subpoena or other order
from a court of competent jurisdiction. Each Shareholder agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it or its Affiliates as the basis for any market transactions in
the Registrable Securities unless and until such information is made generally available to the public. Each Shareholder further agrees that, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, it shall give
notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential. 

(h) In connection with any Public Offering, the Company shall use all commercially reasonable efforts to furnish to each underwriter, if any,
a signed counterpart, addressed to such underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and
covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as the managing underwriter therefor reasonably requests. 

  
 11 

 (i) The Company shall otherwise use all commercially reasonable efforts to comply with all
applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably practicable, an earnings statement or such other document covering a period of 12 months, beginning within three months after the
effective date of the registration statement, which earnings statement satisfies the requirements of Rule 158 under the Securities Act. 

(j) The Company may require each Shareholder promptly to furnish in writing to the Company such information regarding the distribution of the
Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required in connection with such registration. In connection with a Shelf Registration, any Shareholder that does not provide
such information within five Business Days of a request by the Company (which request is made before filing of the Shelf Registration) may have its Registrable Securities excluded from such Shelf Registration; provided that such securities
shall be added within fifteen Business Days after the Shareholder provides such information if the Company may add such securities to such Shelf Registration without the need for a post-effective amendment (other than an automatically effective
amendment) to the Shelf Registration. 
 (k) Each Shareholder agrees that, upon receipt of any notice from the Company of the happening of
any event of the kind described in Section 2.05(e), such Shareholder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Shareholder’s
receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.05(e), and, if so directed by the Company, such Shareholder shall deliver to the Company all copies, other than any permanent file copies then in such
Shareholder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such registration
statement shall be maintained effective (including the period referred to in Section 2.05(a)) by the number of days in the period from and including the date of the giving of notice pursuant to Section 2.05(e) to the date when the Company
shall make available to such Shareholder a prospectus supplemented or amended to conform with the requirements of Section 2.05(e). 

(l) The Company shall use all commercially reasonable efforts to list all Registrable Securities covered by such registration statement on any
securities exchange or quotation system on which the Shares are then listed or traded. 
 (m) In any Public Offering pursuant to a Demand
Registration or Underwritten Takedown, the Company shall have appropriate officers of the Company (i) prepare and make presentations at any “road shows” and before analysts and (ii) otherwise use their reasonable efforts to
cooperate as reasonably requested by the underwriters in the offering, marketing or selling of the Registrable Securities. 

  
 12 

 (n) Each Shareholder agrees that, in connection with any offering pursuant to this
Agreement, it will not prepare or use or refer to, any “free writing prospectus” (as defined in Rule 405 of the Securities Act) without the prior written authorization of the Company (which authorization shall not be unreasonably
withheld), and will not distribute any written materials in connection with the offer or sale of the Registrable Securities pursuant to any registration statement hereunder other than the Prospectus and any such free writing prospectus so
authorized. 
 Section 2.06. Participation in Public Offering. No Shareholder may participate in any Public Offering hereunder
unless such Shareholder (a) agrees to sell such Shareholder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements that are consistent for all similarly situated Shareholders and the
provisions of this Agreement in respect of registration rights. 
 Section 2.07. Rule 144 Sales; Cooperation by the Company. If
any Shareholder shall transfer any Registrable Securities pursuant to Rule 144, the Company shall cooperate, to the extent commercially reasonable, with such Shareholder and shall provide to such Shareholder such information as such Shareholder
shall reasonably request. Without limiting the foregoing, the Company shall at any time after any of the Company’s shares of capital stock are registered under the Securities Act or the Exchange Act: (i) make and keep available public
information, as those terms are contemplated by Rule 144; (ii) timely file with the SEC all reports and other documents required to be filed under the Securities Act and the Exchange Act; and (iii) furnish to each Shareholder upon request
a written statement by the Company as to its compliance with the reporting requirements of the Securities Act and the Exchange Act, a copy of the most recent annual or quarterly report of the Company, and such other information as such Shareholder
may reasonably request in order to avail itself of any rule or regulation of the SEC allowing such Shareholder to sell any Registrable Securities without registration. 

ARTICLE III 

INDEMNIFICATION AND CONTRIBUTION 

Section 3.01. Indemnification by the Company. The Company agrees to indemnify and hold harmless each Shareholder beneficially
owning any Registrable Securities covered by a registration statement, its officers, directors, employees, partners and agents, and each Person, if any, who controls such Shareholder within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act from and against any and all losses, claims, damages, liabilities and expenses (including reasonable expenses of investigation and reasonable attorneys’ fees and expenses) (collectively,
“Damages”) caused by or relating to any untrue statement or alleged untrue statement of a material fact contained in any registration statement or prospectus relating to the Registrable Securities (as amended or supplemented if the
Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus or free-writing 

  
 13 

 
prospectus (as defined in Rule 405 under the Securities Act), or caused by or relating to any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, except insofar as such Damages are caused by or related to any such untrue statement or omission or alleged untrue statement or omission so made based upon information furnished in writing to
the Company by such Shareholder or on such Shareholder’s behalf expressly for use therein. The Company also agrees to indemnify any underwriters of the Registrable Securities, their officers and directors and each Person who controls such
underwriters within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act on substantially the same basis as that of the indemnification of the Shareholders provided in this Section 3.01. 

Section 3.02. Indemnification by Participating Shareholders. Each Shareholder holding Registrable Securities included in any
registration statement agrees, severally but not jointly, to indemnify and hold harmless the Company, its officers, directors and agents and each Person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act to the same extent as the indemnity from the Company to such Shareholder provided in Section 3.01, but only with respect to Damages caused by or relating to information furnished in writing by such
Shareholder or on such Shareholder’s behalf expressly for use in any registration statement or prospectus relating to the Registrable Securities, or any amendment or supplement thereto, or any preliminary prospectus or free-writing prospectus.
Each such Shareholder also agrees to indemnify and hold harmless underwriters of the Registrable Securities, their officers and directors and each Person who controls such underwriters within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act on substantially the same basis as that of the indemnification of the Company provided in this Section 3.02. As a condition to including Registrable Securities in any registration statement filed in
accordance with Article II, the Company may require that it shall have received an undertaking reasonably satisfactory to it from any underwriter to indemnify and hold it harmless to the extent customarily provided by underwriters with respect to
similar securities. No Shareholder shall be liable under this Section 3.02 for any Damages in excess of the net proceeds realized by such Shareholder in the sale of Registrable Securities of such Shareholder to which such Damages relate. 

Section 3.03. Conduct of Indemnification Proceedings. If any proceeding (including any governmental investigation) shall be
brought or asserted against any Person in respect of which indemnity may be sought pursuant to this Article III, such Person (an “Indemnified Party”) shall promptly notify the Person against whom such indemnity may be sought (the
“Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable fees
and expenses, provided that the failure of any Indemnified Party so to notify the Indemnifying Party shall not relieve the Indemnifying Party of its obligations hereunder except to the extent that the Indemnifying Party is materially
prejudiced by such failure to notify. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such

  
 14 

 
Indemnified Party unless (a) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel, (b) in the reasonable judgment of such
Indemnified Party representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them, including one or more defenses or counterclaims that are different from or in addition to those
available to the Indemnifying Party, or (c) the Indemnifying Party shall have failed to assume the defense within a reasonable time of notice pursuant to this Section 3.03. It is understood that, in connection with any proceeding or
related proceedings in the same jurisdiction, the Indemnifying Party shall not be liable for the reasonable fees and expenses of more than one separate firm (in addition to one local counsel per jurisdiction) at any time for all such Indemnified
Parties, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by the Indemnified Parties. The Indemnifying Party
shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such
Indemnified Parties from and against any loss or liability (to the extent stated above) by reason of such settlement or judgment. Without the prior written consent of the Indemnified Party, no Indemnifying Party shall effect any settlement of any
pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement (A) includes an unconditional release of
such Indemnified Party from all liability arising out of such proceeding, and (B) does not include any injunctive or other equitable or non-monetary relief applicable to or affecting such Indemnified
Person. 
 Section 3.04. Contribution. If the indemnification provided for in this Article III is unavailable or unenforceable
to the Indemnified Parties in respect of any Damages, then each Indemnifying Party, in lieu of indemnifying the Indemnified Parties, shall contribute to the amount paid or payable by such Indemnified Party, in such proportion as is appropriate to
reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Damages as well as any other relevant equitable considerations. The relative fault of such
Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or
omission. The amount paid or payable by a party as a result of any Damages shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party
in connection with any proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Article III was available to such party in accordance with its terms. 

  
 15 

 The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 3.04 were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of
this Section 3.04, no Shareholder shall be required to contribute, in the aggregate, any amount in excess of the amount by which the proceeds actually received by such Shareholder from the sale of the Registrable Securities subject to the
proceeding exceeds the amount of any damages that such Shareholder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, except in the case of fraud by such Shareholder. Each
Shareholder’s obligation to contribute pursuant to this Section 3.03 is several in the proportion that the proceeds of the offering received by such Shareholder bears to the total proceeds of the offering received by all such Shareholders
and not joint. 
 No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Article III are not exclusive and shall not limit any rights or remedies that may otherwise be available to any
Indemnified Party at law or in equity. 
 Section 3.05. Other Indemnification. Indemnification similar to that provided in this
Article III (with appropriate modifications) shall be given by the Company and each Shareholder participating therein with respect to any required registration or other qualification of securities under any foreign, federal or state law or
regulation or governmental authority other than the Securities Act. 
 ARTICLE IV 

MISCELLANEOUS 

Section 4.01. Binding Effect; Assignability; Benefit. (a) This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective heirs, successors, legal representatives and permitted assigns. Any Shareholder that ceases to own beneficially any Registrable Securities shall cease to be subject to the terms hereof (other than (i) the
provisions of Article III applicable to such Shareholder with respect to any offering of Registrable Securities completed before the date such Shareholder ceased to own any Registrable Securities and (ii) this Article IV). 

(b) Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by any
party hereto pursuant to any Transfer of Registrable Securities or otherwise, except that each Shareholder may assign rights hereunder to any Permitted Transferee of such Shareholder. Any such Permitted Transferee shall (unless already bound hereby)
execute and deliver to the Company an agreement to be bound by this Agreement in the form of Exhibit A hereto (a “Joinder Agreement”) and shall thenceforth be a “Shareholder”. 

(c) Nothing in this Agreement, expressed or implied, is intended to confer on any Person other than the parties hereto, and their respective
heirs, successors, legal representatives and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

  
 16 

 Section 4.02. Waiver; Amendment. Waiver by any party of any default by the other
party of any provision of this Agreement shall not be deemed a waiver by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the other party. No provisions of this Agreement shall be deemed waived, amended,
supplemented or modified by any party, unless such waiver, amendment, supplement or modification is in writing and signed by the Company and the holders of at least a majority of the Registrable Securities at the time of such proposed waiver,
amendment, supplement or modification, provided that no such waiver, amendment, supplement or modification shall adversely affect the economic interests of any holder of Registrable Securities hereunder disproportionately to other holders of
Registrable Securities without the written consent of such holder. 
 Section 4.03. Independent Nature of
Shareholders’ Obligations and Rights. The obligations of each Shareholder hereunder are several and not joint with the obligations of any other Shareholder hereunder, and no Shareholder shall be responsible in any way for the
performance of the obligations of any other Shareholder hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Shareholder pursuant hereto or thereto, shall be deemed to
constitute the Shareholders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Shareholders are in any way acting in concert with respect to such obligations or the transactions
contemplated by this Agreement. Each Shareholder shall be entitled to protect and enforce its rights, including the rights arising out of this Agreement, and it shall not be necessary for any other Shareholder to be joined as an additional party in
any proceeding for such purpose. 
 Section 4.04.Interpretation; Incorporation of Terms by Reference. This Agreement is an
“Ancillary Agreement” as such term is defined in the Separation and Distribution Agreement and shall be interpreted in accordance with the terms of the Separation and Distribution Agreement in all respects; provided that in the
event of any conflict or inconsistency between the terms of this Agreement and the terms of the Separation and Distribution Agreement in respect of the subject matter of this Agreement, the terms of this Agreement shall control in all respects.
Sections 9.03, 9.04, 9.05, 9.06, 9.07 (other than 9.07(d)), 9.08, 9.09 (without limiting Section 4.01 in any respect), 9.10, 9.11 (provided that any Person that becomes a Shareholder after the date hereof shall provide his or her notice
information on Exhibit A), 9.12 and 9.13 of the Separation and Distribution Agreement shall each be incorporated herein by reference, mutatis mutandis, as if set forth in full herein. 

[Signature pages follow] 

  
 17 

 IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be
executed by their duly authorized representatives. 
  

			
	LIVENT CORPORATION
		
	 By:
	 	 
		 	 Name:

		 	 Title:

  

			
	 FMC CORPORATION

		
	 By:
	 	 
		 	 Name:

		 	 Title:

 [Signature page to the Registration Rights Agreement] 

 EXHIBIT A 

JOINDER TO REGISTRATION RIGHTS AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the
“Joining Party”) in accordance with the Registration Rights Agreement dated as of [•], 2018 (as the same may be amended from time to time, the “Registration Rights Agreement”), among Livent Corporation and the
Shareholders party thereto. Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Registration Rights Agreement. 

The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed
to be a party to the Registration Rights Agreement as of the date hereof as a “Permitted Transferee” of a Shareholder thereto, and shall have all of the rights and obligations of a “Shareholder” and a
“Permitted Transferee” thereunder as if it had executed the Registration Rights Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in
the Registration Rights Agreement (including, without limitation, Section 4.01 thereof). 
 IN WITNESS WHEREOF, the undersigned has
executed this Joinder Agreement as of the date written below. 
 Date:
                                  ,
                 
  

			
	 [NAME OF JOINING PARTY]

		
	 By:
	 	 
		 	 Name:

		 	 Title:

	
	 Address for notices:

	
	 [Address]

	 [Fax number]

	 [Email address]EX-10.6

 Exhibit 10.6 

FORM OF EMPLOYEE MATTERS AGREEMENT 

by and between 
 FMC CORPORATION

 and 
 LIVENT CORPORATION 

Dated as of [—] 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	
	ARTICLE I	  

	 DEFINITIONS
	  	 	1	 
			
	 Section 1.01.
	 	Certain Definitions.	  	 	1	 
	
	ARTICLE II	  

	 GENERAL ALLOCATION OF
LIABILITIES; INDEMNIFICATION
	  	 	7	 
			
	 Section 2.01.
	 	Allocation of Employee-Related Liabilities.	  	 	7	 
	 Section 2.02.
	 	Indemnification.	  	 	9	 
	
	ARTICLE III	  

	 EMPLOYEES AND CONTRACTORS;
EMPLOYMENT AND COLLECTIVE BARGAINING AGREEMENTS
	  	 	9	 
			
	 Section 3.01.
	 	Transfers of Employment; Post-IPO Transfers.	  	 	9	 
	 Section 3.02.
	 	Contractors.	  	 	12	 
	 Section 3.03.
	 	Assumption of Collective Bargaining Agreements; Labor Relations.	  	 	12	 
	 Section 3.04.
	 	Assumption of Individual Lithium Employee Agreements and Lithium Contractor Agreements.	  	 	12	 
	 Section 3.05.
	 	Assignment of Specified Rights.	  	 	13	 
	
	ARTICLE IV	  

	 PLANS
	  	 	13	 
			
	 Section 4.01.
	 	Plan Participation.	  	 	13	 
	 Section 4.02.
	 	Adoption and Administration of Lithium Plans; Service Credit.	  	 	13	 
	
	ARTICLE V	  

	 RETIREMENT PLANS
	  	 	14	 
			
	 Section 5.01.
	 	401(k) Plan.	  	 	14	 
	 Section 5.02.
	 	Non-U.S. Defined Contribution Plans.	  	 	15	 
	 Section 5.03.
	 	Parent U.S. Qualified Pension Plan.	  	 	15	 
	 Section 5.04.
	 	Non-U.S. Pension Plans.	  	 	16	 
	 Section 5.05.
	 	Parent NQ Savings Plan.	  	 	16	 
	 Section 5.06.
	 	Parent NQ Pension Plan.	  	 	17	 
	
	ARTICLE VI	  

	 HEALTH AND WELFARE PLANS;
PAID TIME OFF AND VACATION
	  	 	18	 
			
	 Section 6.01.
	 	Cessation of Participation in Parent H&W Plans; Participation in Lithium H&W Plans.	  	 	18	 
	 Section 6.02.
	 	Assumption of Health and Welfare Plan Liabilities.	  	 	18	 
	 Section 6.03.
	 	Post-Retirement Health and Welfare Benefits.	  	 	19	 
	 Section 6.04.
	 	Flexible Spending Account Plan Treatment.	  	 	19	 

  
 i 

							
	 Section 6.05.
	 	Workers’ Compensation Liabilities.	  	 	19	 
	 Section 6.06.
	 	Vacation and Paid Time Off.	  	 	20	 
	 Section 6.07.
	 	COBRA and HIPAA.	  	 	20	 
	
	ARTICLE VII	  

	 INCENTIVE COMPENSATION
	  	 	20	 
			
	 Section 7.01.
	 	Cash Incentive and Cash Bonus Plans.	  	 	20	 
	
	ARTICLE VIII	  

	 TREATMENT OF OUTSTANDING
EQUITY AWARDS
	  	 	21	 
			
	 Section 8.01.
	 	No Adjustments at the IPO.	  	 	21	 
	 Section 8.02.
	 	RSU and Banked PRSU Distribution Adjustments.	  	 	21	 
	 Section 8.03.
	 	Unbanked PRSU Distribution Adjustments.	  	 	22	 
	 Section 8.04.
	 	Stock Option Distribution Adjustments.	  	 	23	 
	 Section 8.05.
	 	Equity Award Adjustment Illustrations.	  	 	25	 
	 Section 8.06.
	 	Miscellaneous Terms and Actions; Tax Reporting and Withholding.	  	 	25	 
	
	ARTICLE IX	  

	 PERSONNEL RECORDS; PAYROLL
AND TAX WITHHOLDING
	  	 	28	 
			
	 Section 9.01.
	 	Personnel Records.	  	 	28	 
	 Section 9.02.
	 	Payroll; Tax Reporting and Withholding.	  	 	28	 
	
	ARTICLE X	  

	 NON-U.S.
EMPLOYEES AND EMPLOYEE PLANS
	  	 	29	 
			
	 Section 10.01.
	 	Special Provisions for Employees and Employee Plans Outside of the United States.	  	 	29	 
	
	ARTICLE XI	  

	 GENERAL AND ADMINISTRATIVE
	  	 	29	 
			
	 Section 11.01.
	 	Sharing of Participant Information.	  	 	29	 
	 Section 11.02.
	 	Cooperation.	  	 	30	 
	 Section 11.03.
	 	Notices of Certain Events.	  	 	30	 
	 Section 11.04.
	 	No Third Party Beneficiaries.	  	 	30	 
	 Section 11.05.
	 	Fiduciary Matters.	  	 	30	 
	 Section 11.06.
	 	Consent of Third Parties.	  	 	31	 
	 Section 11.07.
	 	Sponsored Employees.	  	 	31	 
	
	ARTICLE XII	  

	 DISPUTE RESOLUTION
	  	 	31	 
			
	 Section 12.01.
	 	General.	  	 	31	 

  
 ii 

							
	
	ARTICLE XIII	  

	 MISCELLANEOUS
	  	 	32	 
			
	 Section 13.01.
	 	General.	  	 	32	 

  
 iii 

 FORM OF EMPLOYEE MATTERS AGREEMENT 

This EMPLOYEE MATTERS AGREEMENT, dated as of [—], 2018, is by and between FMC CORPORATION, a Delaware corporation
(“Parent”), and LIVENT CORPORATION, a Delaware corporation (the “Company”). 
 R E C I T A L S 

WHEREAS, Parent and the Company have entered into the Separation and Distribution Agreement, dated as of even date herewith (the
“Separation and Distribution Agreement”), pursuant to which Parent and the Company will effectuate the Transactions; 

WHEREAS, as contemplated by the Separation and Distribution Agreement, Parent and the Company desire to enter into this Agreement for the
purpose of allocating between them the Assets, Liabilities and responsibilities with respect to certain employee matters (including employee compensation and benefit plans and programs); 

WHEREAS, Parent and the Company have agreed that, except as otherwise specifically provided herein, the general approach and philosophy
underlying this Agreement is to (a) allocate Assets, Liabilities and responsibilities to the Lithium Group (as opposed to the Parent Group) to the extent they relate to current or former employees and other service providers primarily related
to the Lithium Assets or the Lithium Business and (b) allocate Assets, Liabilities and responsibilities (other than those described in clause (a) above) to the Parent Group (as opposed to the Lithium Group); and 

WHEREAS, except as expressly set forth herein, this Agreement is not intended to address the matters specifically and expressly covered by the
Plan of Reorganization (as defined in the Separation and Distribution Agreement). 
 NOW, THEREFORE, in consideration of the mutual
agreements, provisions and covenants contained in this Agreement, the parties, intending to be legally bound, hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.01.    Certain Definitions. For purposes of this Agreement, the following terms shall have the
following meanings; provided that capitalized terms used but not otherwise defined in this Section 1.01 shall have the respective meanings ascribed to such terms in the Separation and Distribution Agreement: 

“2018 Cash Bonuses” has the meaning set forth in Section 7.01 hereto. 

“Adjusted Banked Parent PRSU” means any Banked Parent PRSU adjusted pursuant to Section 8.02(b) or Section 8.02(c)
hereto. 

 “Adjusted Company Stock Value” means the product of (a) the Company
Stock Value multiplied by (b) the Distribution Ratio. 
 “Adjusted Parent Awards” means, collectively, the
Adjusted Parent Options, the Adjusted Banked Parent PRSUs, the Adjusted Unbanked Parent PRSUs and the Adjusted Parent RSUs. 

“Adjusted Parent Option” means any Parent Option adjusted pursuant to Section 8.04(b) hereto. 

“Adjusted Parent RSU” means any Parent RSU adjusted pursuant to Section 8.02(b) or Section 8.02(c) hereto. 

“Adjusted Unbanked Parent PRSU” means any Unbanked Parent PRSU adjusted pursuant to Section 8.03(b) or
Section 8.03(c) hereto. 
 “Agreement” means this Employee Matters Agreement, including all of the schedules and
exhibits hereto. 
 “Banked Parent PRSU” means any Parent PRSU (or portion thereof) for which the applicable performance
period has been completed as of the applicable date of determination. 
 “Benefits Commencement Date” means
(a) January 1, 2019 (in the case of U.S. Lithium Participants) and (b) the Separation Date (in the case of Non-U.S. Lithium Participants). 

“Benefits Transition Period” has the meaning set forth in Section 5.01(c) hereto. 

“COBRA” means the continuation coverage requirements for “group health plans” under Title X of the Consolidated
Omnibus Budget Reconciliation Act of 1985, as codified in Section 4980B of the Code and Sections 601 through 608 of ERISA. 

“Collective Bargaining Agreements” means any and all agreements, memorandums of understanding, contracts, letters, side
letters and contractual obligations of any kind, nature and description, oral or written, that have been entered into between or that involve or apply to any employer and any labor organization, union, employee association, agency or employee
committee or plan. 
 “Company” has the meaning set forth in the preamble hereto. 

“Company Stock Value” means the closing price per share of Company Common Stock, trading “regular way”, immediately
prior to the Distribution Effective Time. 
 “Distribution Effective Time” means the effective time of the Distribution.

  
 2 

 “Delayed Transfer Employee” means any Lithium Inactive Employee, New
Lithium Employee, Transferred Lithium Employee or Sponsored Employee (to the extent applicable). 
 “Delayed Transfer
Period” has the meaning set forth in Section 3.01(b) hereto. 
 “Distribution Ratio” means the number of
shares of Company Common Stock distributed in the Distribution in respect of one share of Parent Common Stock. 
 “Employee
Plan” means any (a) “employee benefit plan” as defined in Section 3(3) of ERISA, (b) compensation, employment, consulting, severance, termination protection, change in control, transaction bonus, retention or similar
plan, agreement, arrangement, program or policy or (c) other plan, agreement, arrangement, program or policy providing for compensation, bonuses, profit-sharing, equity or equity-based compensation or other forms of incentive or deferred
compensation, vacation benefits, insurance (including any self-insured arrangement), medical, dental, vision, prescription or fringe benefits, life insurance, relocation or expatriate benefits, perquisites, disability or sick leave benefits,
employee assistance program, supplemental unemployment benefits or post-employment or retirement benefits (including compensation, pension, health, medical or insurance benefits), in each case whether or not written. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, together with the rules and regulations
promulgated thereunder. 
 “Former Parent Employee” means each individual who, as of immediately prior to the Distribution
Effective Time, is a former employee of any member of the Parent Group (other than any individual who was last actively employed primarily with respect to the Lithium Assets or the Lithium Business). 

“H&W Plan” means any Parent H&W Plan or Lithium H&W Plan. 

“HIPAA” means the health insurance portability and accountability requirements for “group health plans” under the
Health Insurance Portability and Accountability Act of 1996, as amended, together with the rules and regulations promulgated thereunder. 

“Lithium 401(k) Plan” means any Lithium Plan that is a defined contribution plan intended to qualify under
Section 401(a) of the Code. 
 “Lithium Awards” means, collectively, the Lithium Options, the Lithium PRSUs and the
Lithium RSUs. 
 “Lithium Assumed Employee Liabilities” has the meaning set forth in Section 2.01(b) hereto. 

“Lithium CBA” means any Collective Bargaining Agreement covering Lithium Employees or Lithium Contractors, as applicable, as
listed on Schedule I hereto. 

  
 3 

 “Lithium Change in Control” has the meaning set forth in
Section 8.06(b) hereto. 
 “Lithium Contractor” means each individual independent contractor or consultant who, as of
the Separation Effective Time, primarily provides or provided services with respect to the Lithium Assets or the Lithium Business. 

“Lithium Employee” means each (a) individual who, as of the Separation Effective Time, is (i) actively employed
primarily with respect to the Lithium Assets or the Lithium Business by any member of the Parent Group or the Lithium Group or (ii) (x) an inactive employee (including any employee on short- or long-term disability leave or other
authorized leave of absence) or (y) a former employee and, in each case, who was last actively employed primarily with respect to the Lithium Assets or the Lithium Business by any member of the Parent Group or the Lithium Group,
(b) Transferred Lithium Employee or (c) New Lithium Employee. 
 “Lithium Equity Plan” has the meaning set forth
in Section 8.06(a) hereto. 
 “Lithium FSAs” has the meaning set forth in Section 6.04 hereto. 

“Lithium H&W Plan” means any Lithium Plan that is (a) an “employee welfare benefit plan” or “welfare
plan” (as defined under Section 3(1) of ERISA) or (b) a similar plan that is sponsored, maintained, administered, contributed to or entered into outside of the United States. For the avoidance of doubt, Lithium FSAs are Lithium
H&W Plans. 
 “Lithium Inactive Employee” has the meaning set forth in Section 3.01(b) hereto. 

“Lithium NQ Savings Plan” has the meaning set forth in Section 5.05(a) hereto. 

“Lithium Option” has the meaning set forth in Section 8.04(a) hereto. 

“Lithium Participant” means any individual who is a Lithium Employee or Lithium Contractor, and any beneficiary, dependent,
or alternate payee of such individual, as the context requires. 
 “Lithium Plan” means any Employee Plan that (a) is
or was sponsored, maintained, administered, contributed to or entered into by any member of the Lithium Group, whether before, as of or after the Separation Date or (b) for which Liabilities transfer to any member of the Lithium Group under
this Agreement or pursuant to applicable Law as a result of the Distribution. 
 “Lithium PRSU” means each award of
restricted share units with respect to Company Common Stock granted under the Lithium Equity Plan pursuant to Section 8.03(b) that is subject to performance-based vesting conditions. 

“Lithium RSU” has the meaning set forth in Section 8.02(a) hereto. 

  
 4 

 “Lithium Specified Rights” means any and all rights to enjoy, benefit from
or enforce any and all restrictive covenants, including covenants relating to non-disclosure, non-solicitation, non-competition,
confidentiality or Intellectual Property, applicable or related, in whole or in part, to the Lithium Assets or the Lithium Business pursuant to any Employee Plan covering or with any Lithium Employee or Lithium Contractor and to which any member of
the Lithium Group or Parent Group is a party; provided that, with respect to any Intellectual Property existing, conceived, created, developed or reduced to practice prior to the Separation Effective Time, the foregoing rights to enjoy,
benefit from or enforce any restrictive covenants related to Intellectual Property is limited to those restrictive covenants related to Intellectual Property included in the Lithium Assets. 

“New Lithium Employee” means any individual who is hired following the Separation Effective Time to primarily provide
services to the Lithium Assets or the Lithium Business. 
 “Non-U.S. Lithium
Participant” means any Lithium Participant who is not a U.S. Lithium Participant. 
 “Parent” has the meaning set
forth in the preamble hereto. 
 “Parent 401(k) Plan” means any Parent Plan that is a defined contribution
plan intended to qualify under Section 401(a) of the Code. 
 “Parent Bonus Plan” has the meaning set forth in
Section 7.01 hereto. 
 “Parent CBA” means any Collective Bargaining Agreement covering Parent Employees or Parent
Contractors, as applicable. 
 “Parent Change in Control” has the meaning set forth in Section 8.06(b) hereto. 

“Parent Contractor” means each individual independent contractor or consultant (other than a Lithium Contractor) of any
member of the Parent Group, or solely for purposes of Article VIII, any non-employee director of the Parent Board. 

“Parent Employee” means each individual who, as of the Separation Effective Time, is (a) not a Lithium Employee and
(b) either (i) actively employed by any member of the Parent Group or (ii) (x) an inactive employee (including any employee on short- or long-term disability leave or other authorized leave of absence) or (y) a former employee, in
each case, of any member of the Parent Group. 
 “Parent Equity Plan” means the FMC Corporation Incentive Compensation and
Stock Plan. 
 “Parent Executive Severance Plan” means the FMC Corporation Executive Severance Plan. 

“Parent FSA” means any Parent Plan that is a flexible spending account for health and dependent care expenses. 

  
 5 

 “Parent H&W Plan” means any Parent Plan that is (a) an
“employee welfare benefit plan” or “welfare plan” (as defined under Section 3(1) of ERISA) or (b) a similar plan that is sponsored, maintained, administered, contributed to or entered into outside of the United States.
For the avoidance of doubt, Parent FSAs are Parent H&W Plans. 
 “Parent NQ Pension Plan” means the FMC Corporation
Salaried Employees’ Equivalent Retirement Plan. 
 “Parent NQ Savings Plan” means the FMC Corporation Non-Qualified Savings and Investment Plan. 
 “Parent Option” means each option to
acquire Parent Common Stock granted under the Parent Equity Plan. 
 “Parent Participant” means any individual who is a
Parent Employee or Parent Contractor, and any beneficiary, dependent, or alternate payee of such individual, as the context requires. 

“Parent Plan” means any Employee Plan (other than a Lithium Plan) sponsored, maintained, administered, contributed to or
entered into by any member of the Parent Group. For the avoidance of doubt, no Lithium Plan is a Parent Plan. 
 “Parent
Post-Distribution Stock Value” means the amount equal to the Parent Pre-Distribution Stock Value less the Adjusted Company Stock Value. 

“Parent Pre-Distribution Stock Value” means the closing price per share of Parent
Common Stock, trading “regular way” with “due bills”, immediately prior to the Distribution Effective Time. 

“Parent PRSU” means each award of restricted share units with respect to Parent Common Stock granted under the Parent Equity
Plan subject to performance-based vesting conditions. 
 “Parent Retained Employee Liabilities” has the meaning set forth
in Section 2.01(a) hereto. 
 “Parent Retiree H&W Plan” means any Parent H&W Plan that provides or promises
any post-retirement health, medical or life insurance or similar benefits (whether insured or self-insured). 
 “Parent
RSU” means each award of restricted share units with respect to Parent Common Stock granted under the Parent Equity Plan (other than Parent PRSUs). 

“Parent Specified Rights” means any and all rights to enjoy, benefit from or enforce any and all restrictive covenants,
including covenants relating to non-disclosure, non-solicitation, non-competition, confidentiality or Intellectual Property,
pursuant to any Employee Plan covering or with any Lithium Employee, Lithium Contractor, Parent Employee or Parent Contractor and to which any member of the Lithium Group or Parent Group is a party (other than Lithium Specified Rights). 

  
 6 

 “Parent U.S. Qualified Pension Plan” means the FMC Corporation
Employees’ Retirement Program, Salaried and Nonunion Hourly Employees’ Retirement Plan (Part I). 
 “Personnel
Records” has the meaning set forth in Section 9.01 hereto. 
 “Separation Date” has the meaning set forth in
the Separation and Distribution Agreement. 
 “Separation Effective Time” means the closing of the IPO. 

“Separation and Distribution Agreement” has the meaning set forth in the recitals hereto. 

“Sponsored Employee” means any Lithium Employee working on a visa or work permit sponsored by Parent or a Parent Group member
as of immediately prior to the Separation Effective Time. 
 “Transferred Lithium Employee” means any individual who
(a) did not become a Lithium Employee effective on or before the Separation Effective Time and (b) Parent and the Company mutually agree following the Separation Effective Time should have his or her employment transferred from the Parent
Group to the Lithium Group. 
 “UK Pension Plan” means the FMC Chemicals Pension Plan (together with all obligations
related thereto, including obligations associated with the winding-up of such plan). For the avoidance of doubt, the UK Pension Plan is a Lithium Plan. 

“Unbanked Parent PRSU” means any Parent PRSU (or portion thereof) for which the applicable performance period has not been
completed as of the applicable date of determination. 
 “UK DC Plan” has the meaning set forth in Section 5.02(a)
hereto. 
 “U.S. Lithium Employee” means any Lithium Employee who is employed (or, in the case of former employees, last
actively employed) in the United States. 
 “U.S. Lithium Participant” means any Lithium Participant employed or engaged
(or, in the case of former employees, individual independent contractors or consultants, last actively employed or engaged, as applicable) in the United States. 

ARTICLE II 
 GENERAL
ALLOCATION OF LIABILITIES; INDEMNIFICATION 

Section 2.01.    Allocation of Employee-Related Liabilities. 

  
 7 

 (a)    Subject to the terms and conditions of this Agreement, effective
as of the Separation Effective Time, Parent shall, or shall cause the applicable member of the Parent Group to, assume and retain, and no member of the Lithium Group shall have any further obligation with respect to, any and all Liabilities
(i) relating to, arising out of or in respect of any Parent Participant or any Parent Plan, in each case, other than any Lithium Assumed Employee Liabilities, or (ii) attributable to actions expressly specified to be taken by any member of
the Parent Group under this Agreement, in each case, (x) whether arising before, on or after the Separation Date, (y) whether based on facts occurring before, on or after the Separation Date and (z) irrespective of which Person such
Liabilities are asserted against or which Person such Liabilities attached to as a matter of applicable Law or contract or (iii) expressly assumed or retained, as applicable, by any member of the Parent Group pursuant to this Agreement
(collectively, “Parent Retained Employee Liabilities”). For the avoidance of doubt, all Parent Retained Employee Liabilities are Parent Liabilities for purposes of the Separation and Distribution Agreement. 

(b)    Subject to the terms and conditions of this Agreement, effective as of the Separation Effective Time, the Company
shall, or shall cause the applicable member of the Lithium Group to, assume, and no member of the Parent Group shall have any further obligation with respect to, any and all Liabilities (i) relating to, arising out of or in respect of any
Lithium Participant or any Lithium Plan or (ii) attributable to actions expressly specified to be taken by any member of the Lithium Group under this Agreement, in each case, (x) whether arising before, on or after the Separation Date,
(y) whether based on facts occurring before, on or after the Separation Date and (z) irrespective of which Person such Liabilities are asserted against or which Person such Liabilities attached to as a matter of applicable Law or contract
(collectively, “Lithium Assumed Employee Liabilities”), including without limitation: 

(i)    employment, separation or retirement agreements or arrangements to the extent applicable to any
Lithium Participant; 
 (ii)    wages, salaries, incentive compensation, commissions, bonuses and other
compensation payable to any Lithium Participants, without regard to when such wages, salaries, incentive compensation, equity compensation, commissions, bonuses and other compensation are or may have been earned; 

(iii)    severance or similar termination-related pay or benefits applicable to any Lithium Participant;

 (iv)    claims made by or with respect to any Lithium Participant in connection with any employee
benefit plan, program or policy, without regard to when such claim is in respect of; 

(v)    workers’ compensation and unemployment compensation benefits for all Lithium Participants; 

  
 8 

 (vi)    change in control, transaction bonus, retention
and stay bonuses payable to any Lithium Participants; 
 (vii)    the Lithium CBAs; 

(viii)    any applicable Law (including ERISA and the Code) to the extent related to participation by any
Lithium Participant in any Employee Plan; 
 (ix)    any Actions, allegations, demands, assessments,
settlements or judgments relating to or involving any Lithium Participant (including, without limitation, those relating to labor and employment, wages, hours, overtime, employee classification, hostile workplace, civil rights, discrimination,
harassment, affirmative action, work authorization, immigration, safety and health, information privacy and security, workers’ compensation, continuation coverage under group health plans, wage payment, hiring practice and the payment and
withholding of Taxes); 
 (x)    any costs or expenses incurred in designing, establishing and
administering any Lithium Plans or payroll or benefits administration for Lithium Participants; 

(xi)    the employer portion of any employment, payroll or similar Taxes relating to any of the foregoing
or any Lithium Participant; and 
 (xii)    any Liabilities expressly assumed or retained, as applicable,
by any member of the Lithium Group pursuant to this Agreement. 
 For the avoidance of doubt, all Lithium Assumed Employee Liabilities are Lithium
Liabilities for purposes of the Separation and Distribution Agreement. 
 Section 2.02.    Indemnification.
For the avoidance of doubt, the provisions of Article VIII of the Separation and Distribution Agreement shall apply to and govern the indemnification rights and obligations of the parties with respect to the matters addressed by this Agreement. 

ARTICLE III 

EMPLOYEES AND CONTRACTORS; EMPLOYMENT AND 

COLLECTIVE BARGAINING AGREEMENTS 

Section 3.01.    Transfers of Employment; Post-IPO Transfers. 

 (a)    Effective as of or prior to the Separation Effective Time, (i) the employment of each Lithium Employee,
to the extent employed at such time, will be transferred to or continued by, as applicable, a member of the Lithium Group and (ii) the employment of each Parent Employee, to the extent employed at such time, will be continued by a member of the
Parent Group. Following the Separation Effective Time and prior to the Distribution Effective Time, Parent and the Company shall cooperate in good faith to 

  
 9 

 
transfer the employment of each Transferred Lithium Employee from the Parent Group to the Lithium Group, and the parties shall use their reasonable best efforts to cause all such transfers of
employment to occur no later than the Distribution Effective Time; provided however, that the parties agree and acknowledge that there may be a limited number of Transferred Lithium Employees whose employment may not be transferred to the
Lithium Group until on or after the Distribution Effective Time, in which case the parties will mutually cooperate to transfer the employment of such individuals to the Lithium Group as soon as possible following the Distribution Effective Time and,
unless as otherwise contemplated in connection with the Transition Services Agreement, in no event later than the expiration of the Delayed Transfer Period. For the avoidance of doubt, each Transferred Lithium Employee shall be deemed to be a
“Lithium Employee” for all purposes of the Agreement following the applicable date of transfer of his or her employment from the Parent Group to the Lithium Group. 

(b)    Notwithstanding anything to the contrary in this Agreement, each U.S. Lithium Employee who, as of the Separation
Effective Time, is (i) on an approved leave of absence and (ii) receiving long-term or short-term disability benefits under a Parent H&W Plan (each, a “Lithium Inactive Employee”) will continue to be employed by a
member of the Parent Group until such individual returns to active service. Upon a Lithium Inactive Employee’s return to active service, such Lithium Inactive Employee will be transferred to a member of the Lithium Group (or, if such Lithium
Inactive Employee returns to active service following the Distribution Effective Time, the Company will make an offer of employment to such Lithium Inactive Employee on terms and conditions of employment consistent with (A) this Agreement and
(B) the terms and conditions of employment applicable to such Lithium Inactive Employee at such time); provided, that such Lithium Inactive Employee returns to active service within 18 months following the Separation Date (such period,
the “Delayed Transfer Period”). For the avoidance of doubt, (x) effective on or before the Separation Effective Time, the employment of each Lithium Employee (other than any Lithium Inactive Employee) who is on an approved
leave of absence (including parental, military or other authorized leave of absence) will continue with or be transferred to, as applicable, the Lithium Group in accordance with Section 3.01(a) and (y) all costs relating to any
compensation, benefits, severance or other employment-related costs in respect of Lithium Inactive Employees will constitute Lithium Assumed Employee Liabilities. 

(c)    Any New Lithium Employees will be hired by a member of the Lithium Group, and will be deemed to be a Lithium
Employee for all purposes of this Agreement from and after the applicable date of hire; provided that, to the extent any such individual cannot be hired by a member of the Lithium Group prior to the Distribution Effective Time, the parties
will cooperate in good faith for such individual to be hired by a member of the Parent Group and thereafter transferred to a member of the Lithium Group, effective as of no later than the Distribution Effective Time. For the avoidance of doubt, any
New Lithium Employee will be deemed to be a Lithium Employee for all purposes of this Agreement following his or her applicable hire date (regardless of whether hired by a member of the Lithium Group or a member of the Parent Group). 

  
 10 

 (d)    Each of the parties hereto agrees to execute, and to use their
reasonable best efforts to have the applicable employees execute, any such documentation or consents as may be necessary or desirable to reflect or effectuate any such assignments or transfers contemplated by this Section 3.01. 

(e)    Effective as of the Separation Effective Time, (i) the Company shall adopt or maintain, and shall cause each
member of the Lithium Group to adopt or maintain, leave of absence programs and (ii) the Company shall honor, and shall cause each member of the Lithium Group to honor, all terms and conditions of authorized leaves of absence which have been
granted to any Lithium Participant before the Separation Effective Time, including such leaves that are to commence on or after the Separation Effective Time. 

(f)    In the event that the parties reasonably determine following the Separation Effective Time that (i) any
individual employed outside the United States who is not a Lithium Employee has inadvertently become employed by a member of the Lithium Group (due to the operation of transfer of undertakings or similar applicable Law), the parties shall cooperate
and take such actions as may be reasonably necessary in order to cause the employment of such individual to be promptly transferred to a member of the Parent Group, and Parent shall reimburse the applicable members of the Lithium Group for all
compensation, benefits and other employment-related costs incurred by the Lithium Group members in employing and transferring such individuals or (ii) any individual employed outside the United States who was intended to transfer to, and become
employed by, a member of the Lithium Group pursuant to the operation of transfer of undertakings or similar applicable Law instead continues to be employed by the Parent Group, the parties shall cooperate and take such actions as may be reasonably
necessary in order to cause the employment of such individual to be promptly transferred to a member of the Lithium Group, and the Company shall reimburse the applicable members of the Parent Group for all compensation, benefits and other
employment-related costs incurred by Parent Group members in employing and transferring such individuals. 
 (g)    With
respect to any employment agreements or restrictive covenant agreements with Lithium Employees or Parent Employees to which a member of the Lithium Group or a member of the Parent Group, respectively, is not a party, or which do not otherwise
transfer to a Lithium Group member or a Parent Group member, respectively, by operation of applicable Law, the parties shall use reasonable best efforts to assign the applicable employment agreement to a member of the Lithium Group or a member of
the Parent Group, as applicable, in the applicable jurisdiction, and the Company or Parent, as applicable, shall, or shall cause a member of the Lithium Group or a member of the Parent Group, respectively, to assume and perform such employment
agreements in accordance with their terms; provided, however, that this Section 3.01(g) shall not apply to (i) any employment agreements with any Lithium Participants who are employed in a jurisdiction outside of the United
States in which the parties do not intend for such agreements to be transferred to the Lithium Group or (ii) any executive severance agreements with any Lithium Employees under the Parent Executive Severance Plan. 

  
 11 

 (h)    Neither the Separation, the Distribution nor any assignment,
transfer or continuation of the employment of employees as contemplated by this Article III shall be deemed a termination of employment or service of any Lithium Participant or Parent Participant for purposes of this Agreement or any Parent Plan or
Lithium Plan (including, for the avoidance of doubt, any individual employment, severance, change in control, independent contractor, consulting or similar agreements). 

(i)    Except as provided in Section 8.06(h), with respect to any Delayed Transfer Employee, references to
“Separation Effective Time”, “Separation Date”, “Benefits Commencement Date”, “Distribution Effective Time” and “Distribution Date” in this Agreement, as applicable, shall in each case be deemed to
refer to the date such Delayed Transfer Employee commences employment with the Lithium Group, mutatis mutandis, if later. 

Section 3.02.    Contractors. With respect to any independent contractor or consulting agreements with Lithium
Contractors or Parent Contractors to which a Lithium Group member or a Parent Group member, respectively, is not a party, or which do not otherwise transfer to a Lithium Group member or a Parent Group member, respectively, by operation of applicable
Law, the parties shall use reasonable best efforts to assign the applicable agreements to a member of the Lithium Group or a member of the Parent Group, as applicable, in the applicable jurisdiction, and the Company or Parent, as applicable, shall,
or shall cause a member of the Lithium Group or a member of the Parent Group, respectively, to assume and perform such independent contractor and consulting agreements. 

Section 3.03.    Assumption of Collective Bargaining Agreements; Labor Relations. 

(a)    From and after the Separation Effective Time, the Company hereby agrees to comply with and honor the Lithium CBAs
and become, and fulfill its obligations as, a successor employer to the applicable Parent Group member for all purposes under the Lithium CBAs with respect to any Lithium Employee or Lithium Contractor, and the Company assumes responsibility for,
and Parent or the relevant member of the Parent Group hereby ceases to be responsible for or to otherwise have any Liability in respect of, the Lithium CBAs to the extent they pertain to any Lithium Employee or Lithium Contractor. 

(b)    To the extent required by applicable Law, any Lithium CBA, Parent CBA or any other Collective Bargaining Agreement,
the parties shall cooperate and consult in good faith to provide notice, engage in consultation, and take any similar action which may be required on its part in connection with the IPO or Distribution. 

Section 3.04.    Assumption of Individual Lithium Employee Agreements and Lithium Contractor Agreements. From
and after the Separation Effective Time, the Company hereby agrees to comply with and honor any employment or services agreement between any member of the Parent Group or the Lithium Group, as the case may be, on the one hand, and any Lithium
Employee or Lithium Contractor, on the other 

  
 12 

 
hand, and assumes responsibility for, and, to the extent applicable, Parent or the relevant member of the Parent Group hereby ceases to be responsible for or to otherwise have any Liability in
respect of, such agreements. For the avoidance of doubt, this Section 3.04 shall not apply to any executive severance agreements with any Lithium Employees under Parent’s Executive Severance Plan. 

Section 3.05.    Assignment of Specified Rights. To the extent permitted by applicable Law and the applicable
agreement, if any, effective as of the Separation Effective Time, (i) Parent hereby assigns, to the maximum extent possible, on behalf of itself and the Parent Group, the Lithium Specified Rights, to the Company and (ii) the Company hereby
assigns, to the maximum extent possible, on behalf of itself and the Lithium Group, the Parent Specified Rights, to Parent. 
 ARTICLE IV

 PLANS 

Section 4.01.    Plan Participation. Except as otherwise expressly provided in this Agreement, effective as of
immediately prior to the applicable Benefits Commencement Date, (a) (i) all Lithium Participants shall cease any participation in, and benefit accrual under, Parent Plans and (ii) all members of the Lithium Group shall cease to be
participating employers under the Parent Plans and, (b) to the extent applicable, (i) all Parent Participants shall cease any participation in, and benefit accrual under, Lithium Plans and (ii) all members of the Parent Group shall
cease to be participating employers under the Lithium Plans. Prior to the Separation Date, Parent and the Company shall take all actions necessary to effectuate the actions contemplated by this Section 4.01 and to cause (A) the applicable
Lithium Group member to assume or retain all Liabilities with respect to each Lithium Plan and the applicable Parent Group member to assume or retain all Liabilities with respect to each Parent Plan, in each case, effective as of the Separation
Effective Time and (B) all Assets of any Lithium Plan to be transferred to or retained by the applicable Lithium Group member in the applicable jurisdiction and all Assets of any Parent Plan to be transferred to or retained by the applicable
Parent Group member in the applicable jurisdiction, in each case, effective as of the Separation Effective Time. 

Section 4.02.    Adoption and Administration of Lithium Plans; Service Credit.  

(a)    To the extent necessary to comply with its obligations under this Agreement, the Company or a member of the Lithium
Group shall adopt, or cause to be adopted, at the Company’s expense, Lithium Plans to be effective from and after the applicable Benefits Commencement Date. The Company expressly agrees to reimburse Parent for any and all costs and expenses
incurred by the Parent Group before the applicable Benefits Commencement Date to design, establish or administer any Lithium Plan. 

(b)    For the avoidance of doubt, from and after the applicable Benefits Commencement Date, the applicable member of the
Lithium Group shall be responsible for the administration of the applicable Lithium Plan, and no member of the Parent Group shall have any Liability or obligation (including any administration obligation) with respect to any Lithium Plans. 

  
 13 

 (c)    From and after the applicable Benefits Commencement Date, for
purposes of determining eligibility to participate, vesting and benefit accrual under any Lithium Plan in which a Lithium Participant is eligible to participate on and following the applicable Benefits Commencement Date, such Lithium
Participant’s service with any member of the Parent Group or the Lithium Group, as the case may be, prior to the applicable Benefits Commencement Date shall be treated as service with the Lithium Group, to the extent recognized by the Parent
Group or the Lithium Group, as applicable, under an analogous Parent Plan or Lithium Plan, as applicable, prior to the applicable Benefits Commencement Date; provided, however, that such service shall not be recognized to the extent
that such recognition would result in any duplication of benefits. 
 ARTICLE V 

RETIREMENT PLANS 

Section 5.01.    401(k) Plan.  

(a)    Effective as of the Benefits Commencement Date, each Lithium Participant who participates in the Parent 401(k) Plan
as of immediately prior to the Benefits Commencement Date (i) will cease active participation in the Parent 401(k) Plan and (ii) will become eligible to participate in the Lithium 401(k) Plan. For the avoidance of doubt, all employee pre-tax deferrals and employer contributions with respect to the Lithium Participants will be made to the Lithium 401(k) Plan on and following the Benefits Commencement Date. 

(b)    Effective as of the Distribution Effective Time, each Lithium Participant will become eligible to elect a
distribution of his or her account balance under the Parent 401(k) Plan, including a voluntary “rollover distribution” of such Lithium Participant’s eligible account balance under the Parent 401(k) Plan (other than any participant
loans) to either the Lithium 401(k) Plan or an Individual Retirement Account (or, for the avoidance of doubt, such Lithium Participant may otherwise continue to maintain his or her account under the Parent 401(k) Plan in accordance with the terms of
the Parent 401(k) Plan), as determined by each such Lithium Participant; provided that any portion of such Lithium Participant’s account balance under the Parent 401(k) Plan to be “rolled over” to the Lithium 401(k) Plan must
be done in the form of cash (i.e., no in-kind or Parent Common Stock transfers will be permitted). In the event that a Lithium Participant makes a voluntary election to rollover such Lithium Participant’s
account balance from the Parent 401(k) Plan to the Lithium 401(k) Plan, the Company agrees to cause the Lithium 401(k) Plan to accept such rollover, to the extent permitted by applicable Law. 

(c)    Subject to participant rollovers as provided for in Section 5.01(b) above, all Liabilities under the Parent
401(k) Plan (whether relating to Parent Participants or Lithium Participants), including with respect to participant loans, will be retained by Parent and will constitute Parent Retained Employee Liabilities; provided that any and all costs,
expenses or Liabilities relating to participation by Lithium Participants in the 

  
 14 

 
Parent 401(k) Plan during the period, if any, between the Separation Date and the Benefits Commencement Date (the “Benefits Transition Period”) shall be assumed by the Lithium
Group and constitute Lithium Assumed Employee Liabilities, which shall be reimbursed by the Company to the Parent Group in accordance with the terms of the Transition Services Agreement. For the avoidance of doubt, there will be no trust-to-trust transfer of any Assets or Liabilities from the Parent 401(k) Plan to the Lithium 401(k) Plan. 

(d)    From and after the Benefits Commencement Date, the applicable member of the Lithium Group shall be responsible for
the administration of the Lithium 401(k) Plan, and no member of the Parent Group shall have any Liability or obligation (including any administration obligation) with respect to the Lithium 401(k) Plan. 

Section 5.02.    Non-U.S. Defined Contribution Plans. 

(a)    Effective as of the Separation Effective Time, the Lithium Plan that is a defined contribution plan maintained for
the benefit of Non-U.S. Lithium Participants in the United Kingdom (the “UK DC Plan”) will be retained by the Lithium Group in accordance
with its terms, and, for the avoidance of doubt, (i) all obligations in respect of the UK DC Plan will be retained by the Lithium Group from and after the Separation Effective Time and (ii) any Liabilities relating to or arising from the
UK DC Plan will constitute Lithium Assumed Employee Liabilities. 
 (b)    Effective on or before the Separation
Effective Time, each Non-U.S. Lithium Participant who participates in a Parent Plan that is a statutory India Provident Fund shall cease active participation in such plan and will become eligible to
participate in a Lithium Plan that is a statutory India Provident Fund. 
 Section 5.03.    Parent U.S.
Qualified Pension Plan. 
 (a)    Effective as of the Benefits Commencement Date, each Lithium Participant
who participates in the Parent U.S. Qualified Pension Plan will cease active participation in the Parent U.S. Qualified Pension Plan (including the accrual of any additional benefits under the Parent U.S. Qualified Pension Plan). 

(b)    On and following the Benefits Commencement Date, each Lithium Participant who participates in the Parent U.S.
Qualified Pension Plan as of immediately prior to the Benefits Commencement Date shall receive credit for his or her service with the Lithium Group on and following the Benefits Commencement Date for purposes of attaining “early
retirement” eligibility under, and in accordance with the terms of, the Parent U.S. Qualified Pension Plan. 

(c)    From and after the Distribution Effective Time, the terms of the Parent U.S. Qualified Pension Plan will govern the
terms of distributions, if any, of any benefits payable under the Parent U.S. Qualified Pension Plan to any Lithium Participants. 

(d)    All Liabilities under the Parent U.S. Qualified Pension Plan (whether relating to Parent Participants or Lithium
Participants) will be retained by Parent and will 

  
 15 

 
constitute Parent Retained Employee Liabilities; provided, however, that any and all costs, expenses or Liabilities relating to participation by Lithium Participants in the Parent
U.S. Qualified Pension Plan during the Benefits Transition Period shall be assumed by the Lithium Group and constitute Lithium Assumed Employee Liabilities, which shall be reimbursed by the Company to the Parent Group in accordance with the terms of
the Transition Services Agreement.  
 Section 5.04.    Non-U.S. Pension Plans.  
 (a)    Effective as of the Separation Effective
Time, the UK Pension Plan will be retained by the Lithium Group in accordance with its terms, and, for the avoidance of doubt, any Liabilities arising from or relating to the UK Pension Plan will constitute Lithium Assumed Employee Liabilities.
Without limiting the generality of Schedule 5.05 of the Separation Agreement, as of and following the Separation Effective Time, the Bromborough Indemnity Deed will remain in full force and effect in accordance with its terms; provided that
any and all Liabilities related to or arising under the Bromborough Indemnity Deed shall constitute Lithium Assumed Employee Liabilities. 

(b)    Effective on or before the Separation Effective Time, (i) each
Non-U.S. Lithium Participant who participates in a Parent Plan that is an India Gratuity Plan or Japan Retirement Allowance Plan will cease active participation in such plan and will become eligible to
participate in a corresponding Lithium Plan and (ii) (A) the Company shall, and shall cause the applicable member of the Lithium Group to, assume all Liabilities under such India Gratuity Plan and Japan Retirement Plan with respect to Non-U.S. Lithium Participants, (B) Parent shall, and shall cause the applicable member of the Parent Group to, transfer all such Liabilities to the applicable member of the Lithium Group, and (C) the
Parent Group shall have no further Liability or obligation (including any administration obligation) with respect thereto. 

Section 5.05.    Parent NQ Savings Plan.  

(a)    Effective as of the Benefits Commencement Date, each Lithium Participant who participates in the Parent NQ Savings
Plan as of immediately prior to the Benefits Commencement Date (i) will cease active participation in the Parent NQ Savings Plan and (ii) will become eligible to participate in a corresponding Lithium
non-qualified savings and investment plan (the “Lithium NQ Savings Plan”). For the avoidance of doubt, from and after the Benefits Commencement Date, each Lithium Participant shall not
actively participate in or accrue any additional benefits under the Parent NQ Savings Plan. 
 (b)    During the
Benefits Transition Period, any and all costs, expenses or Liabilities relating to participation by Lithium Participants in the Parent NQ Savings Plan shall be assumed by the Lithium Group and constitute Lithium Assumed Employee Liabilities, which
shall be reimbursed by the Company to the Parent Group in accordance with the terms of the Transition Services Agreement. Effective as of the Benefits Commencement Date, (i) the Company shall, and shall cause the Lithium NQ Savings Plan to,
accept all Assets and assume all Liabilities under the Parent NQ Savings Plan 

  
 16 

 
with respect to Lithium Participants, (ii) Parent shall, and shall cause the Parent NQ Savings Plan to, transfer all such Assets and Liabilities to the Lithium NQ Savings Plan, and
(iii) the Parent NQ Savings Plan and the Parent Group shall have no further Liability or obligation (including any administration obligation) with respect thereto. The Parent NQ Savings Plan shall continue to be responsible for Liabilities in
respect of Parent Participants. 
 (c)    On and following the Benefits Commencement Date, any effective deferral
elections made by a Lithium Participant with respect to amounts deferred by such Lithium Participant under, and in accordance with the terms of, the Parent NQ Savings Plan prior to the Benefits Commencement Date, shall remain in effect with respect
to such amounts in accordance with their terms. 
 (d)    Lithium Participants shall receive credit under the Lithium NQ
Savings Plan for vesting, eligibility and benefit service for all service credited for those purposes under the Parent NQ Savings Plan as of the Benefits Commencement Date as if that service had been rendered to the Lithium Group. 

(e)    To the maximum extent permitted by Section 409A of the Code, a Lithium Participant shall not be considered to
have undergone a “separation from service” for purposes of Section 409A of the Code and the Parent NQ Savings Plan solely by reason of the Distribution, and, following the Distribution Effective Time, the determination of whether a
Lithium Participant has incurred a separation from service with respect to his or her benefit in the Lithium NQ Savings Plan shall be based solely upon his or her performance of services for the Lithium Group. 

Section 5.06.    Parent NQ Pension Plan. 

(a)    Effective as of the Benefits Commencement Date, each Lithium Participant who participates in the Parent NQ Pension
Plan as of immediately prior to the Distribution Effective Time will cease active participation in the Parent NQ Pension Plan and will not accrue any additional benefits thereunder. 

(b)    At and following the Distribution Effective Time, the terms of the Parent NQ Pension Plan (and any applicable
deferral elections thereunder) will govern the terms of any distributions of account balances made to Lithium Participants participating in the Parent NQ Pension Plan. 

(c)    All Liabilities under the Parent NQ Pension Plan (whether relating to Parent Participants or Lithium Participants)
will be retained by Parent and will constitute Parent Retained Employee Liabilities; provided, however, that any and all costs, expenses or Liabilities relating to participation by Lithium Participants in the Parent NQ Pension Plan
during the Benefits Transition Period be assumed by the Lithium Group and constitute Lithium Assumed Employee Liabilities, which shall be reimbursed by the Company to the Parent Group in accordance with the terms of the Transition Services
Agreement. 

  
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 ARTICLE VI 

HEALTH AND WELFARE PLANS; PAID TIME OFF
AND VACATION 
 Section 6.01.    Cessation of Participation in Parent H&W
Plans; Participation in Lithium H&W Plans.  
 (a)    Without limiting the generality of
Section 4.01, effective as of the applicable Benefits Commencement Date, Lithium Participants shall cease to participate in the Parent H&W Plans; provided that any participation in, and benefit accrual under, Parent H&W Plans by
Lithium Participants during the Benefits Transition Period shall be in accordance with, and pursuant to, the terms and conditions of the Transition Services Agreement. 

(b)    Effective as of the applicable Benefits Commencement Date, the Company shall cause Lithium Participants who
participate in a Parent H&W Plan immediately prior to the applicable Benefits Commencement Date to be automatically enrolled or offered participation in a corresponding Lithium H&W Plan. 

(c)    To the extent applicable, the Company shall cause Lithium H&W Plans to recognize and maintain all coverage and
contribution elections made by Lithium Participants under the corresponding Parent H&W Plans as of the applicable Benefits Commencement Date and apply such elections under the applicable Lithium H&W Plan for the remainder of the period or
periods for which such elections are by their terms applicable. 
 (d)    Neither the transfer or other movement of
employment or service from any member of the Parent Group to any member of the Lithium Group at any time before the applicable Benefits Commencement Date nor the Distribution shall constitute or be treated as a “status change” under the
Parent H&W Plans or the Lithium H&W Plans. 
 (e)    Subject to the terms of the applicable Lithium H&W Plan
and applicable Law, the Company shall use its reasonable best efforts to waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to Lithium Participants
under any Lithium H&W Plan in which such Lithium Participants may be eligible to participate on or after the applicable Benefits Commencement Date. 

Section 6.02.    Assumption of Health and Welfare Plan Liabilities. Subject Section 6.03, effective as of
the Separation Effective Time, all Liabilities relating to, arising out of, or resulting from health and welfare coverage or claims incurred prior to, on or after the Separation Effective Time by each Lithium Participant under the Parent H&W
Plans shall cease to be Liabilities of the Parent Group and shall be assumed by the Lithium Group and deemed to be Lithium Assumed Employee Liabilities. Without limiting the generality of the foregoing, subject to Section 6.03, any and all
costs, expenses or Liabilities relating to participation by Lithium Participants in the Parent H&W Plans during the Benefits Transition Period shall be reimbursed by the Company to the Parent Group in accordance with the terms of the Transition
Services Agreement. For 

  
 18 

 
the avoidance of doubt, subject to Section 6.03, (a) all Liabilities arising under (i) any Parent H&W Plan (other than a Parent Retiree H&W Plan) with respect to Lithium
Participants or (ii) any Lithium H&W Plan and (b) all Liabilities arising out of, relating to or resulting from the cessation of a Lithium Participant’s participation in any Parent H&W Plan (other than a Parent Retiree H&W
Plan) and transfer to a Lithium H&W Plan as set forth herein (including any Actions or claims by any Lithium Participants related thereto) shall, in each case, be Lithium Assumed Employee Liabilities. 

Section 6.03.    Post-Retirement Health and Welfare Benefits. Notwithstanding anything to the
contrary in Section 6.01 or Section 6.02, (a) effective as of the applicable Benefits Commencement Date, all Lithium Participants shall cease to participate in, and earn benefit service under, any Parent Retiree H&W Plan
(provided that any Lithium Participant who has elected to receive benefits under any applicable Parent Retiree H&W Plan in accordance with the terms of such plan prior to the applicable Benefits Commencement Date shall continue to
participate in, and receive benefits under, such Parent Retiree H&W Plan in accordance with the terms of such plan) and (b) all Liabilities under the Parent Retiree H&W Plans (whether relating to Parent Participants or Lithium
Participants) will be retained by Parent and will constitute Parent Retained Employee Liabilities. 

Section 6.04.    Flexible Spending Account Plan Treatment. Effective as of the applicable Benefits
Commencement Date, the Company shall establish or designate flexible spending accounts for health and dependent care expenses (the “Lithium FSAs”). To the extent applicable, the parties shall take all actions reasonably necessary or
appropriate so that the account balances (positive or negative) under the Parent FSAs of each Lithium Participant who has elected to participate therein in the year in which the applicable Benefits Commencement Date occurs shall be transferred,
effective as of the applicable Benefits Commencement Date, from the Parent FSAs to the corresponding Lithium FSAs. The Lithium FSAs shall assume responsibility as of the applicable Benefits Commencement Date for all outstanding dependent care and
health care claims under the Parent FSAs of each Lithium Participant for the year in which the applicable Benefits Commencement Date occurs and shall assume the rights of and agree to perform the obligations of the analogous Parent FSA from and
after the applicable Benefits Commencement Date. The parties shall cooperate in good faith to provide that the contribution elections of each such Lithium Participant as in effect immediately before the applicable Benefits Commencement Date remain
in effect under the Lithium FSAs from and after the applicable Benefits Commencement Date. 

Section 6.05.    Workers’ Compensation Liabilities. Unless as otherwise expressly provided
in the Separation and Distribution Agreement, effective as of the Separation Effective Time, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by any Lithium Participant that result from an accident
or from an occupational disease, regardless of whether incurred before, on or after the Separation Date, shall be assumed by the Company and shall constitute Lithium Assumed Employee Liabilities. The parties shall cooperate with respect to any
notification to appropriate governmental agencies of the disposition and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and contracts governing the handling of claims. 

  
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 Section 6.06.    Vacation and Paid Time Off. Effective as of
the Separation Effective Time, the applicable Lithium Group member shall recognize and assume all Liabilities with respect to vacation, holiday, sick leave, paid time off, floating holidays, personal days and other paid time off with respect to
Lithium Participants accrued on or prior to the Separation Effective Time, and the Company shall credit each such Lithium Participant with such accrual; provided, that if any such vacation or paid time off is required under applicable Law to
be paid out to the applicable Lithium Participant in connection with the Distribution, such payment will be made by the Company as of the Distribution Date, and the Company will credit such Lithium Participant with unpaid vacation time or paid time
off in respect thereof; it being understood that any amount of vacation or paid time off required to be paid out in connection with the Distribution shall constitute Lithium Assumed Employee Liabilities. 

Section 6.07.    COBRA and HIPAA. 

(a)    The Parent Group shall administer the Parent Group’s compliance with the health care continuation coverage
requirements of COBRA, the certificate of creditable coverage requirements of HIPAA and the corresponding provisions of the Parent H&W Plans with respect to Lithium Participants who incur a COBRA “qualifying event” occurring on or
before the applicable Benefits Commencement Date entitling them to benefits under a Parent H&W Plan; provided that, for the avoidance of doubt, any Liabilities related thereto shall constitute Lithium Assumed Employee Liabilities. 

(b)    The Company shall be solely responsible for all Liabilities incurred pursuant to COBRA and for administering, at
the Company’s expense, compliance with the health care continuation coverage requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Lithium H&W Plans with respect to
Lithium Participants who incur a COBRA “qualifying event” that occurs at any time after the applicable Benefits Commencement Date entitling them to benefits under a Lithium Plan. 

(c)    The parties agree that neither the Separation, the Distribution nor any assignment or transfer of the employment or
services of any employee or individual independent contractor as contemplated under this Agreement shall constitute a COBRA “qualifying event” for any purpose of COBRA. 

ARTICLE VII 

INCENTIVE COMPENSATION 

Section 7.01.    Cash Incentive and Cash Bonus Plans. Each Lithium Participant participating in any Parent
Plan that is a cash bonus or cash incentive plan with respect to the 2018 performance year (each, a “Parent Bonus Plan”) will remain eligible to receive a cash bonus in respect of the 2018 performance year (the “2018 Cash
Bonuses”) in accordance with the terms of such applicable Parent Bonus Plan. Any 2018 Cash 

  
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Bonuses payable to Lithium Participants under such Parent Bonus Plans will be paid by the Company on behalf of Parent in accordance with the terms of the applicable Parent Bonus Plan (including
terms relating to the timing of payment), which such amounts shall constitute Lithium Assumed Employee Liabilities; provided that Parent will reimburse Lithium for the portion of the 2018 Cash Bonuses paid by the Company to Lithium
Participants that relates to the portion of the 2018 performance period that elapsed prior to the Separation Date, which such amount to be reimbursed by Parent will constitute a Parent Retained Employee Liability.  
 ARTICLE VIII 

TREATMENT OF OUTSTANDING EQUITY AWARDS 

Section 8.01.    No Adjustments at the IPO. Except as may otherwise be provided pursuant to the express terms
of any Parent RSU, Parent PRSU or Parent Option, no adjustments shall be made to any Parent RSU, Parent PRSU or Parent Option in connection with the execution of this Agreement or the consummation of the IPO. 

Section 8.02.    RSU and Banked PRSU Distribution Adjustments. 

(a)    Effective as of the Distribution Effective Time, each Parent RSU and Banked Parent PRSU that is outstanding as of
immediately prior to the Distribution Effective Time and held by a Lithium Participant shall be converted into an award of restricted share units with respect to Company Common Stock (each, a “Lithium RSU”). The number of shares of
Company Common Stock subject to such Lithium RSU shall be determined by the Compensation and Organization Committee of the Parent Board (the “Parent Compensation Committee”) in a manner intended to preserve the value of such Parent
RSU or Banked Parent PRSU, as applicable, by taking into account the relative values of the Parent Pre-Distribution Stock Value and the Company Stock Value, with any fractional shares rounded down to the
nearest whole number of shares. Each such Lithium RSU shall be subject to the same terms and conditions (including vesting and payment schedules) as applicable to the corresponding Parent RSU or Banked Parent PRSU, as applicable, as of immediately
prior to the Distribution Effective Time. 
 (b)    Effective as of the Distribution Effective Time, each Parent RSU and
Banked Parent PRSU that is outstanding as of immediately prior to the Distribution Effective Time and held by a Parent Participant who is not a Former Parent Employee shall be converted into both an Adjusted Parent RSU or Adjusted Banked Parent
PRSU, as applicable, and a Lithium RSU, and each such Adjusted Parent RSU, Adjusted Banked Parent PRSU and Lithium RSU shall be subject to the same terms and conditions (including vesting and payment schedules) as were applicable to the
corresponding Parent RSU or Banked Parent PRSU as of immediately prior to the Distribution Effective Time; provided that from and after the Distribution Effective Time: 

(i)    the number of shares of Parent Common Stock subject to such Adjusted Parent RSU or Adjusted Banked Parent PRSU, as
applicable, shall be equal to the number of shares of Parent Common Stock subject to the corresponding Parent RSU or Banked Parent PRSU, as applicable, immediately prior to the Distribution Effective Time; and 

  
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 (ii)    the number of shares of Company Common Stock subject to such
Lithium RSU shall be determined by the Parent Compensation Committee in a manner intended, in combination with such Adjusted Parent RSU or Adjusted Banked Parent PRSU, as applicable, to preserve the value of such Parent RSU or Banked Parent PRSU, as
applicable, by taking into account the Distribution Ratio relative to the number of Parent RSUs or Banked Parent PRSUs, as applicable, with any fractional shares rounded down to the nearest whole number of shares. 

(c)    Effective as of the Distribution Effective Time, each Parent RSU and Banked Parent PRSU that is outstanding as of
immediately prior to the Distribution Effective Time and held by a Former Parent Employee shall be converted into an Adjusted Parent RSU or Adjusted Banked Parent PRSU, as applicable. The number of shares of Parent Common Stock subject to such
Adjusted Parent RSU or Adjusted Banked Parent PRSU, as applicable, shall be determined by the Parent Compensation Committee in a manner intended to preserve the value of such Parent RSU or Banked Parent PRSU, as applicable, by taking into account
the relative values of the Parent Pre-Distribution Stock Value and the Parent Post-Distribution Stock Value, with any fractional shares rounded down to the nearest whole number of shares. Each such Adjusted
Parent RSU or Adjusted Banked Parent PRSU, as applicable, shall be subject to the same terms and conditions (including vesting and payment schedules) as applicable to the corresponding Parent RSU or Banked Parent PRSU, as applicable, as of
immediately prior to the Distribution Effective Time. 
 Section 8.03.    Unbanked PRSU Distribution
Adjustments.  
 (a)    Effective as of the Distribution Effective Time, each Unbanked Parent PRSU that is
outstanding as of immediately prior to the Distribution Effective Time and held by a Lithium Participant shall be converted into a Lithium RSU. The number of shares of Company Common Stock subject to such Lithium RSU shall be determined by the
Parent Compensation Committee in a manner intended to preserve the target value of such Unbanked Parent PRSU by taking into account the relative values of the Parent Pre-Distribution Stock Value and the
Company Stock Value, with any fractional shares rounded down to the nearest whole number of shares. Each such Lithium RSU shall be subject to the same terms and conditions (including vesting and payment schedules) as applicable to the corresponding
Unbanked Parent PRSU as of immediately prior to the Distribution Effective Time; provided, that each such Lithium RSU shall not be subject to any performance-based vesting conditions and shall vest solely based on the continuous service of
the Lithium Participant with the Lithium Group. 
 (b)    Effective as of the Distribution Effective Time, each Unbanked
Parent PRSU that is outstanding as of immediately prior to the Distribution Effective Time and held by a Parent Participant who is not a Former Parent Employee shall be converted into both an Adjusted Unbanked Parent PRSU and a Lithium PRSU, and
each such Adjusted Unbanked Parent PRSU and Lithium PRSU shall be subject to the same terms and 

  
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conditions (including vesting and payment schedules and performance-based vesting conditions) as were applicable to the corresponding Unbanked Parent PRSU as of immediately prior to the
Distribution Effective Time; provided that from and after the Distribution Effective Time: 
 (i)    the target
number of shares of Parent Common Stock subject to such Adjusted Unbanked Parent PRSU shall be equal to the target number of shares of Parent Common Stock subject to the corresponding Unbanked Parent PRSU immediately prior to the Distribution
Effective Time; 
 (ii)    the number of shares of Company Common Stock subject to such Lithium PRSU shall be determined
by the Parent Compensation Committee in a manner intended, in combination with such Adjusted Unbanked Parent PRSU, to preserve the target value of such Unbanked Parent PRSU by taking into account the Distribution Ratio relative to the number of
Unbanked Parent PRSUs, with any fractional shares rounded down to the nearest whole number of shares; and 
 (iii)    the
performance-based vesting conditions applicable to the Adjusted Unbanked Parent PRSU and the Lithium PRSUs may be equitably adjusted by the Parent Compensation Committee in accordance with their terms to reflect the effect of the Distribution. 

(c)    Effective as of the Distribution Effective Time, each Unbanked Parent PRSU that is outstanding as of immediately
prior to the Distribution Effective Time and held by a Former Parent Employee shall be converted into an Adjusted Unbanked Parent PRSU. The number of shares of Parent Common Stock subject to such Adjusted Unbanked Parent PRSU shall be determined by
the Parent Compensation Committee in a manner intended to preserve the target value of such Unbanked Parent PRSU by taking into account the relative values of the Parent Pre-Distribution Stock Value and the
Parent Post-Distribution Stock Value, with any fractional shares rounded down to the nearest whole number of shares. Each such Adjusted Unbanked Parent PRSU shall be subject to the same terms and conditions (including vesting and payment schedules
and performance-based vesting conditions) as applicable to the corresponding Unbanked Parent PRSU as of immediately prior to the Distribution Effective Time; provided that the performance-based vesting conditions applicable to such Adjusted
Unbanked Parent PRSUs may be equitably adjusted by the Parent Compensation Committee in accordance with their terms to reflect the effect of the Distribution. 

Section 8.04.    Stock Option Distribution Adjustments.  

(a)    Effective as of the Distribution Effective Time, each Parent Option, whether vested or unvested, that is
outstanding as of immediately prior to the Distribution Effective Time and held by a Lithium Participant shall be converted into an option to acquire Company Common Stock (each, a “Lithium Option”) and shall be subject to the same
terms and conditions (including vesting and expiration schedules) as applicable to the corresponding Parent Option as of immediately prior to the Distribution Effective Time; provided that from and after the Distribution Effective Time, the
number of shares 

  
 23 

 
of Company Common Stock subject to, and the exercise price per share of, such Lithium Option shall be determined by the Parent Compensation Committee in a manner intended to preserve the value of
such Parent Option by taking into account (A) the exercise price per share of such Parent Option and (B) the relative values of the Parent Pre-Distribution Stock Value and the Company Stock Value,
with any fractional shares rounded down to the nearest whole number of shares and any exercise price rounded up to the nearest whole cent. 

(b)    Effective as of the Distribution Effective Time, each Parent Option, whether vested or unvested, that is
outstanding as of immediately prior to the Distribution Effective Time and held by a Parent Participant shall be converted into an Adjusted Parent Option and shall be subject to the same terms and conditions (including vesting and expiration
schedules) as applicable to the corresponding Parent Option as of immediately prior to the Distribution Effective Time; provided that from and after the Distribution Effective Time, the number of shares of Parent Common Stock subject to, and
the exercise price per share of, such Adjusted Parent Option shall be determined by the Parent Compensation Committee in a manner intended to preserve the value of such Parent Option by taking into account (A) the exercise price per share of
such Parent 

  
 24 

 
Option and (B) the relative values of the Parent Pre-Distribution Stock Value and the Parent Post-Distribution Stock Value, with any fractional shares
rounded down to the nearest whole number of shares and any exercise price rounded up to the nearest whole cent. 
 Notwithstanding anything to the contrary
in this Section 8.04, the exercise price, the number of shares of Parent Common Stock or Company Common Stock, as applicable, and the terms and conditions of exercise applicable to any Adjusted Parent Option or Lithium Option, as the case may
be, shall be determined in a manner consistent with the requirements of Section 409A of the Code. 

Section 8.05.    Equity Award Adjustment Illustrations. For an illustration of the transactions contemplated
by Section 8.02, Section 8.03 and Section 8.04, see Exhibit A hereto. For the avoidance of doubt, Exhibit A represents an illustration only, and the principles set forth in Section 8.02, Section 8.03 and
Section 8.04 shall govern the actual treatment of outstanding Parent RSUs, Banked Parent PRSUs, Unbanked Parent PRSUs and Parent Options. 

Section 8.06.    Miscellaneous Terms and Actions; Tax Reporting and Withholding.  

(a)    Effective as of the Separation Effective Time, the Company shall adopt an equity incentive compensation plan for
the benefit of eligible participants (the “Lithium Equity Plan”). Prior to the Distribution Effective Time, each of Parent and the Company shall take any actions necessary to give effect to the transactions contemplated by this
Article VIII, including, in the case of the Company, the reservation, issuance and listing of shares of Company Common Stock as is necessary to effectuate the transactions contemplated by this Article VIII. From and after the Distribution Effective
Time, (i) the Company shall retain the Lithium Equity Plan, and all Liabilities thereunder shall constitute Lithium Assumed Employee Liabilities, and (ii) Parent shall retain the Parent Equity Plan, and all Liabilities thereunder shall
constitute Parent Retained Employee Liabilities. From and after the Distribution Effective Time, all Adjusted Parent Awards, regardless of by whom held, shall be granted under and subject to the terms of the Parent Equity Plan and shall be settled
by Parent, and all Lithium Awards, regardless of by whom held, shall be granted under and subject to the terms of the Lithium Equity Plan and shall be settled by the Company. Notwithstanding anything to the contrary in this Agreement (including
Section 2.02 or Section 11.04), (i) each Parent Participant shall have third-party beneficiary rights with respect to his or her Adjusted Parent Awards that are converted into Lithium Awards pursuant to Section 8.04, including the
right to bring any Action against the Company relating to or arising from such Lithium Awards and, other than pursuant to clause (ii) below, neither Parent nor any other member of the Parent Group shall have any right or remedy with respect to
any Parent Participant’s Adjusted Parent Awards that are converted into Lithium Awards pursuant to Section 8.04, and (ii) any and all Actions brought by or on behalf of any Parent Participant, Lithium Participant (or any dependent or
beneficiary thereof) or any other Person in respect of or relating to any Adjusted Parent Awards that are converted into Lithium Awards pursuant to this Article VIII shall be the sole obligation and responsibility of the Company, and the Company
shall indemnify, defend and hold the Parent Group harmless from and against any and all such Actions and any Liabilities related thereto. 

  
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 (b)    From and after the Distribution Effective Time, for purposes of
the Adjusted Parent Awards converted into Lithium Awards pursuant to Section 8.04, (i) a Parent Participant’s employment with or service to the Parent Group shall be treated as employment with and service to the Lithium Group and
(ii) any reference to “cause”, “good reason”, “disability”, “willful” or other similar terms applicable to such Lithium Awards shall be deemed to refer to the definitions of “cause”, “good
reason”, “disability”, “willful” or other similar terms set forth in the Parent Equity Plan. From and after the Distribution Effective Time, (x) any reference to a “change in control,” “change of
control” or similar term applicable to any Adjusted Parent Award contained in any applicable award agreement, employment or services agreement or the Parent Equity Plan shall be deemed to refer to a “change in control,” “change
of control” or similar term as defined in such award agreement, employment or services agreement or the Parent Equity Plan (a “Parent Change in Control”) and (y) any reference to a “change in control,”
“change of control” or similar term applicable to any Lithium Award contained in any applicable award agreement, employment or services agreement or the Lithium Equity Plan shall be deemed to refer to a “change in control,”
“change of control” or similar term as defined in the Lithium Equity Plan (a “Lithium Change in Control”); provided, however, with respect to any Adjusted Parent Awards converted into Lithium Awards pursuant
to Section 8.04, a Parent Change in Control shall also be treated as a Lithium Change in Control. For the avoidance of doubt, the Distribution shall not, in and of itself, be treated as
either a Parent Change in Control or a Lithium Change in Control. Neither the Separation, the Distribution nor any assignment, transfer or continuation of the employment of employees as contemplated by Article III shall be deemed a termination of
employment or service of any Lithium Participant or Parent Participant or a Parent Change in Control or Lithium Change in Control for purposes of the Parent Equity Plan or the Lithium Equity Plan, or any Adjusted Parent Award or Lithium Award
outstanding thereunder, respectively, and, without limiting the generality of the foregoing, to the extent Parent determines it necessary or desirable, each Parent RSU, Parent PRSU or Parent Option, as the case may be, shall be amended to expressly
clarify the same. 
 (c)    Unless otherwise required by applicable Law, (i) the applicable member of the Lithium
Group shall be responsible for all applicable income, payroll, employment and other similar tax withholding, remittance and reporting obligations in respect of Lithium Participants relating to any Lithium Awards and (ii) the applicable member
of the Parent Group shall be responsible for all applicable income, payroll, employment and other similar tax withholding, remittance and reporting obligations in respect of Parent Participants relating to any Adjusted Parent Awards or Lithium
Awards. The parties shall facilitate performance by the other party of its obligations hereunder by promptly remitting amounts withheld in respect of any Adjusted Parent Awards or Lithium Awards, as applicable, directly to the applicable
Governmental Authority on such other party’s behalf or to the other Party for remittance to such Governmental Authority. The parties will cooperate and communicate with each other and with third-party providers to effectuate withholding and
remittance of taxes, as well as required tax reporting, in a timely, efficient and appropriate manner. 

  
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 (d)    The Company shall be responsible for the settlement of cash
dividend equivalents on any Lithium Awards held by a Lithium Participant, and Parent shall be responsible for the settlement of cash dividend equivalents on any Adjusted Parent Awards or Lithium Awards held by a Parent Participant or Former Parent
Employee; provided that, with respect to Lithium Awards held by Parent Participants, prior to the date any such settlement is due, the Company shall pay Parent in cash amounts required to settle any dividend equivalents accrued following the
Distribution Effective Time. 
 (e)    The Company shall prepare and file with the SEC a registration statement on an
appropriate form with respect to the shares of Company Common Stock subject to the Adjusted Parent Awards converted into Lithium Awards pursuant to this Article VIII and shall use its reasonable best efforts to have such registration statement
declared effective as soon as practicable following the Distribution Effective Time and to maintain the effectiveness of such registration statement covering such Lithium Awards (and to maintain the current status of the prospectus contained
therein) for so long as any Lithium Awards remain outstanding. 
 (f)    Prior to the Distribution Effective Time, each
party shall take all such steps as may be required to cause any dispositions of Parent Common Stock (including Adjusted Parent Awards or any other derivative securities with respect to Parent Common Stock) or acquisitions of Company Common Stock
(including Lithium Awards or any other derivative securities with respect to Company Common Stock) resulting from the Distribution or the transactions contemplated by this Agreement or the Separation and Distribution Agreement by each individual who
is subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to Parent or who are or will become subject to such reporting requirements with respect to the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act. With respect to those individuals, if any, who, subsequent to the Distribution Effective Time, are or become subject to the reporting requirements under Section 16(a)
of the Exchange Act, as applicable, the Company shall administer any Adjusted Parent Award converted into a Lithium Award pursuant to this Article VIII in a manner that complies with Rule 16b-3 promulgated
under the Exchange Act to the extent such converted Adjusted Parent Award complied with such rule prior to the Distribution Effective Time. 

(g)    From and after the Distribution Effective Time, each of Parent and the Company shall cooperate in good faith to
facilitate the orderly administration of the Lithium Awards held by Parent Participants, including, without limitation, the sharing of information relating to a Parent Participant’s employment or service status with the Parent Group, as well as
other information relating to the vesting and forfeiture of Lithium Awards, tax withholding and reporting and compliance with applicable Law. 

(h)    Notwithstanding anything to the contrary herein, with respect to any Delayed Transferred Employees whose employment
is not transferred to the Lithium Group on or prior to the Distribution Effective Time, any Adjusted Parent Awards held by such Delayed Transferred Employees shall be adjusted as of the Distribution Effective Time in the manner set forth in
Section 8.04 (and not in accordance with Section 8.03), and such awards shall not be further adjusted upon the date such Delayed Transferred Employee’s employment is transferred to the Lithium Group. 

  
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 (i)    Notwithstanding anything to the contrary herein, in the event the
Distribution occurs as a result of a “split-off”, then, solely to the extent necessary, the parties shall cooperate in good faith to make any necessary changes to the adjustment and conversion
mechanics set forth in Sections 8.02, 8.03 and 8.04 for the limited purpose of preserving (i) the general approach, philosophy and economic intent of such provisions as set forth herein and (ii) the intended U.S. federal income tax
consequences of the Transactions to Parent, and the other terms set forth in this Article VIII shall apply mutatis mutandis. 

ARTICLE IX 

PERSONNEL RECORDS; PAYROLL AND TAX WITHHOLDING 

Section 9.01.    Personnel Records. To the extent permitted by applicable Law, each of the Lithium Group and
the Parent Group shall be permitted by the other to access and retain copies of such records, data and other personnel-related information in any form (“Personnel Records”) as may be necessary or appropriate to carry out their
respective obligations under applicable Law, the Separation and Distribution Agreement or any of the Ancillary Agreements, and for the purposes of administering their respective employee benefit plans and policies. All Personnel Records shall be
accessed, retained, held, used, copied and transmitted in accordance with all applicable Laws, policies and agreements between the parties hereto. 

Section 9.02.    Payroll; Tax Reporting and Withholding. 

(a)    Subject to the obligations of the parties as set forth in the Transition Services Agreement, effective as of no
later than the Separation Date, (i) the members of the Lithium Group shall be solely responsible for providing payroll services (including for any payroll period already in progress) to the Lithium Employees and for any Liabilities with respect
to garnishments of the salary and wages thereof and (ii) the members of the Parent Group shall be solely responsible for providing payroll services (including for any payroll period already in progress) to the Parent Employees and for any
Liabilities with respect to garnishments of the salary and wages thereof. 
 (b)    To the extent consistent with the
terms of the Tax Matters Agreement, the party that is responsible for making a payment hereunder shall be responsible for (i) making the appropriate withholdings, if any, attributable to such payments and (ii) preparing and filing all
related required forms and returns with the appropriate Governmental Authority. 
 (c)    With respect to Lithium
Employees, the parties shall (i) treat the Company (or the applicable member of the Lithium Group) as a “successor employer” and Parent (or the applicable member of the Parent Group) as a “predecessor,” within the meaning of
Sections 3121(a)(1) and 3306(b)(1) of the Code, for purposes of taxes imposed under the U.S. Federal Unemployment Tax Act or the U.S. Federal Insurance Contributions Act, and (ii) cooperate and use reasonable best efforts to implement the
alternate procedure described in Section 5 of Revenue Procedure 2004-53. 

  
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 ARTICLE X 

NON-U.S. EMPLOYEES AND EMPLOYEE
PLANS 
 Section 10.01.    Special Provisions for Employees and Employee Plans Outside of the
United States. 
 (a)    From and after the date hereof, to the extent not addressed in this Agreement, the parties
shall reasonably cooperate in good faith to effect the provisions of this Agreement with respect to employees and employee-, compensation- and benefits-related matters outside of the United States (including Employee Plans covering non-U.S. Parent Participants and Non-U.S. Lithium Participants), which in all cases shall be consistent with the general approach and philosophy regarding the allocation of
Assets and Liabilities (as expressly set forth in the recitals to this Agreement). 
 (b)    Without limiting the
generality of Section 3.03(a), to the extent required by applicable Law or the terms of any Lithium CBA or similar employee representative agreement, Lithium or a member of the Lithium Group, as applicable, shall become a party to the
applicable collective bargaining, works council, or similar arrangements with respect to Lithium Employees or Lithium Contractor located outside of the United States and shall comply with all obligations thereunder from and after the Separation
Effective Time. 
 ARTICLE XI 

GENERAL AND ADMINISTRATIVE 

Section 11.01.    Sharing of Participant Information. To the maximum extent permitted under applicable Law,
Parent and the Company shall share, and shall cause each member of its respective Group to reasonably cooperate with the other party hereto to (i) share, with each other and their respective agents and vendors all participant information
reasonably necessary for the efficient and accurate administration of each of the Parent Plans and the Lithium Plans (including notifications regarding the termination of employment or service of any Lithium Participant or Parent Participant to the
extent relevant to the administration of a Parent Plan or Lithium Plan, as the case may be), (ii) facilitate the transactions and activities contemplated by this Agreement and (iii) resolve any and all employment-related claims regarding
Lithium Participants. The Company and its respective authorized agents shall, subject to applicable Laws, be given reasonable and timely access to, and may make copies of, all information relating to the subjects of this Agreement in the custody of
the Parent Group, to the extent reasonably necessary for such administration. Parent Group members shall be entitled to retain copies of all Company Books and Records relating to the subjects of this Agreement in the custody of the Parent Group,
subject to the terms of the Separation and Distribution Agreement and applicable Law. 

  
 29 

 Section 11.02.    Cooperation. Following the date of this
Agreement, the parties shall, and shall cause their respective Subsidiaries to, to cooperate in good faith with respect to any employee compensation or benefits matters that either party reasonably determines require the cooperation of the other
party in order to accomplish the objectives of this Agreement (including, without limitation, relating to any audits by any Governmental Authorities). 

Section 11.03.    Notices of Certain Events. Each of the Company and Parent shall promptly notify and provide
copies to the other of: (a) written notice from any Person alleging that the approval or consent of such Person is or may be required in connection with the transactions contemplated by this Agreement; (b) any written notice or other
communication from any Governmental Authority in connection with the transactions contemplated by this Agreement or the Separation and Distribution Agreement; and (c) any actions, suits, claims, investigations or proceedings commenced or, to
its knowledge, threatened against, relating to or involving or otherwise affecting the Lithium Group or the Parent Group, as the case may be, that relate to the consummation of the transactions contemplated by this Agreement or the Separation and
Distribution Agreement; provided that the delivery of any notice pursuant to this Section 11.03 shall not affect the remedies available hereunder to the party receiving such notice. 

Section 11.04.    No Third Party Beneficiaries. Notwithstanding anything to the contrary herein, nothing in
this Agreement shall: (a) create any obligation on the part of any member of the Lithium Group or any member of the Parent Group to retain the employment or services of any current or former employee, director, independent contractor or other
service provider; (b) be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any future, present, or former employee or service provider of any member of the Parent Group or the
Lithium Group (or any beneficiary or dependent thereof) under this Agreement, the Separation and Distribution Agreement, any Parent Plan or Lithium Plan or otherwise; (c) preclude the Company or any Lithium Group member (or, in each case, any
successor thereto), at any time after the Separation Effective Time, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any Lithium Plan, any benefit under any Lithium Plan or any trust,
insurance policy, or funding vehicle related to any Lithium Plan (in each case in accordance with the terms of the applicable arrangement); (d) preclude Parent or any Parent Group member (or, in each case, any successor thereto), at any time after
the Separation Effective Time, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any Parent Plan, any benefit under any Parent Plan or any trust, insurance policy, or funding vehicle related
to any Parent Plan (in each case in accordance with the terms of the applicable arrangement); or (e) except as otherwise expressly provided in Section 8.06(a), confer any rights or remedies (including any third-party beneficiary rights) on
any current or former employee or service provider of any member of the Parent Group or the Lithium Group or any beneficiary or dependent thereof or any other Person. 

Section 11.05.    Fiduciary Matters. Parent and the Company each acknowledge that actions required to be taken
pursuant to this Agreement may be subject to fiduciary 

  
 30 

 
duties or standards of conduct under ERISA or other applicable Law, and no party shall be deemed to be in violation of this Agreement if it fails to comply with any provisions hereof based upon
its good faith determination (as supported by advice from counsel experienced in such matters) that to do so would violate such a fiduciary duty or standard. Each party shall be responsible for taking such actions as are deemed necessary and
appropriate to comply with its own fiduciary responsibilities and shall fully release and indemnify the other party for any Liabilities caused by the failure to satisfy any such responsibility. 

Section 11.06.    Consent of Third Parties. If any provision of this Agreement is dependent on the consent of
any third party (such as a vendor or Governmental Authority), the parties shall cooperate in good faith and use reasonable best efforts obtain such consent, and if such consent is not obtained, to implement the applicable provisions of this
Agreement to the full extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such third party to consent, the parties shall negotiate in good faith to implement the provision in a mutually satisfactory
manner. A party’s obligation to use its “reasonable best efforts” shall not require such party to take any action to the extent it would reasonably be expected to (i) jeopardize, or result in the loss or waiver of, any
attorney-client or other legal privilege, (ii) contravene any applicable Law or fiduciary duty, (iii) result in the loss of protection of any Intellectual Property or other proprietary information or (iv) incur any non-routine or unreasonable cost or expense. 
 Section 11.07.    Sponsored
Employees. The parties shall, and shall cause their respective Group members, to cooperate in good faith with each other and the applicable Governmental Authorities with respect to the process of obtaining work authorization for each Sponsored
Employee to work with the Company or a Lithium Group member, including but not limited to, petitioning the applicable Governmental Authorities for the transfer of each Sponsored Employee’s (as well as any spouse or dependent thereof, as
applicable) visa or work permit, or the grant of a new visa or work permit, to any Lithium Group member. Any costs or expenses incurred with the foregoing shall constitute Lithium Assumed Employee Liabilities. In the event that it is not legally
permissible for a Sponsored Employee to continue work with the Lithium Group from and after the Separation Effective Time, the parties shall reasonably cooperate to provide for the services of such Sponsored Employee to be made available exclusively
to the Lithium Group under an employee secondment or similar arrangement, which any costs incurred by the Parent Group (including those relating to compensation and benefits in respect of such Sponsored Employee) shall constitute Lithium Assumed
Employee Liabilities. 
 ARTICLE XII 

DISPUTE RESOLUTION 

Section 12.01.    General. The provisions of Section 9.03 of the Separation and Distribution Agreement
shall apply, mutatis mutandis, to all disputes, controversies, or claims (whether arising in contract, tort, or otherwise) that may arise out of or relate to, or arise under or in connection with, this Agreement or the transactions
contemplated hereby. 

  
 31 

 ARTICLE XIII 

MISCELLANEOUS 

Section 13.01.    General. The provisions of Article IX of the Separation and Distribution Agreement (other
than Section 9.10 of the Separation and Distribution Agreement) are hereby incorporated by reference into and deemed part of this Agreement and shall apply, mutatis mutandis, as if fully set forth in this Agreement. 

[Signature Page Follows] 

  
 32 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives as of the date first above written. 
  

			
	FMC CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	LIVENT CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to Employee Matters Agreement] 

 SCHEDULE I 

Lithium CBAs 
 Collective Bargaining
Agreement by and between Minera del Altiplano S.A. and the Mining Workers’ Association of Argentina 

  
 Schedule I-1 

 Exhibit A 

Illustrations of Outstanding Equity Award Treatment 

  
 Exhibit A-1

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