Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 186

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 186
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 or was serving at the request of the corporation as a director,
officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, against expenses (including
attorneys’ fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred by the person in connection
with such action, suit, or proceeding if (1) such person acted in good faith, (2) acted in a manner such person reasonably believed to
be in or not opposed to the best interests of the corporation, and (3) with respect to any criminal action or proceeding, such person
had no reasonable cause to believe the person’s conduct was unlawful.

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Subsection (b) of DGCL Section 145 empowers a
corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed
action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was
a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer,
employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise against expenses (including attorneys’
fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person
acted in good faith and in a manner the person reasonably believed to be in, or not opposed to, the best interests of the corporation,
and except that no indemnification may be made in respect of any claim, issue, or matter as to which such person has been adjudged to
be liable to the corporation unless and only to the extent that the Delaware Court of Chancery or the court in which such action or suit
was brought determines upon application that, despite the adjudication of liability but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such expenses which the Delaware Court of Chancery or such other court
deems proper.

DGCL Section 145 further provides that to the
extent that a present or former director or officer is successful, on the merits or otherwise, in the defense of any action, suit or proceeding
referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person will