Offer Letter, dated as of June 23, 2022, by and between Anurag Maheshwari and Otis Worldwide Corporation

Membership in Otis’ Executive Leadership Group (ELG), comprised of our most senior leaders.

A base salary of $725,000 per year, effective August 12^th. Your base salary will be reviewed annually.

Continued participation in our Short-Term Incentive (STI) program with a target annual STI opportunity of 100% of your base salary. Your 2022 STI target opportunity will be prorated based on the effective date of your appointment.

Continued participation in our Long-Term Incentive (LTI) program. Your 2023 equity award will have a target value of at least $2,500,000. Annual grant values may vary from year-to-year, based on individual and Otis performance.

Relocation assistance to aid in the establishment of a permanent residence in the United States.

Participation in our Executive Lease Vehicle Program (ELVP).

Eligibility to participate in Otis Choice, our flexible benefits plan which includes medical, dental, life insurance, disability, and other benefits for you and your eligible dependents.

Participation in our Retirement Savings Plan, which currently offers matching contributions (60% of your contributions up to 6% of your eligible pay) and age-graded company retirement contributions (from 3-5.5% of your eligible pay).

Eligibility to participate in our Savings Restoration Plan (SRP) and Company Automatic Contribution Excess Plan (CACEP). These non-qualified deferred compensation plans allow you to continue to receive Retirement Savings Plan matching (through the SRP) and age-graded company retirement contributions (through the CACEP) if you exceed the IRS compensation and contribution limits under the Retirement Savings Plan.

Eligibility to participate in our Deferred Compensation Plan (DCP) and LTIP Performance Share Unit Deferral Plan, which provide executives with the opportunity to elect to defer the receipt and taxation of a portion of their base salary, STI and/or PSUs.

Coverage under the ELG Severance Plan and the Change in Control Severance Plan.