Company: PDCC
Filing Date: 2025-05-09
Form Type: 40-17G
Source: 0001214659-25-007297
Chunk: 28

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-09
Form: 40-17G
Chunk 28
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 not have such coverage as is afforded under this
bond for loss which:

| (a) | has occurred or will occur in offices or premises; |

| (b) | has been caused or will be caused by an employee or employees of such institution; or |

| (c) | has arisen or will arise out of the assets or liabilities; |

acquired by the Insured as a result
of such consolidation, merger or purchase or acquisition of assets or liabilities, unless the Insured shall:

| (i) | give the Underwriter at least 90 days’ written notice of the proposed consolidation, merger or purchase 
 or acquisition of assets or liabilities prior to the proposed effective date of such action;            |

| (ii) | obtain the written consent of the Underwriter to extend the coverage provided by this bond to such additional 
 offices or premises, Employees and other exposures; and                                                       |

| (iii) | upon obtaining such consent, pay to the Underwriter an additional premium. |

All other provisions of the bond remain unchanged.

| AXIS 1012192 0119 | Includes copyright material of The Surety Association of America | Page 1 of 1 |

| FINANCIAL INSTITUTION BOND |

| Rider Number | Effective Date of Rider  | Bond Number        | Premium |
| 10           | 12:01 a.m. on 05/22/2025 | P-001-003812403-02 | N/A     |

<div align='center'>CUSTOMER FUNDS TRANSFER FRAUD INSURING AGREEMENT

WITH CALL BACK FOR TRANSFERS IN EXCESS OF THE DEDUCTIBLE RIDER</div>

| CUSTOMER FUNDS TRANSFER FRAUD INSURING AGREEMENT COVERAGE SCHEDULE |                                           |
| Customer Funds Transfer Fraud                                      
 Insuring Agreement Single Loss Limit of Liability                  |             Customer Funds Transfer Fraud 
 Insuring Agreement Single Loss Deductible |
| $1,000,000                                                         |                                   $25,000 |

Information in the above schedule may also appear on the Declarations.

It is agreed that:

| A. | The INSURING AGREEMENTS section is amended by the addition of the following new Insuring Agreement: |

CUSTOMER FUNDS TRANSFER FRAUD

Loss resulting directly from the Insured
having, in good faith, transferred a Customer’s Money on deposit in an account or Securities to a person or account outside the
Customer’s control, in reliance on a fraudulent telephone, telefacsimile, text