Company: PDCC
Filing Date: 2025-05-09
Form Type: 40-17G
Source: 0001214659-25-007297
Chunk: 29

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-09
Form: 40-17G
Chunk 29
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 message or e-mail instruction to the Insured directing
such transfer from the Customer’s account, which instruction purports and reasonably appears to have originated from an Authorized
Transfer Agent, but which, in fact, was issued without the Customer’s knowledge or consent by someone other than an Authorized Transfer
Agent, subject to the following conditions precedent:

| (1) | The instruction included the Customer’s password and PIN and any other security codes required by 
 the Insured’s written agreement with such Customer (“Verified Instruction”).                      |

| (2) | The sender of the instruction was not, in fact, such Customer, was not authorized to act on behalf of 
 such Customer, and was not an Employee.                                                               |

| (3) | The instruction was received by an Employee specifically authorized by the Insured to receive and act 
 upon such instructions.                                                                               |

| (4) | For any transfer exceeding the amount of the Customer Funds Transfer Fraud Insuring Agreement Single Loss                              
 Deductible, the Insured verified the instruction via a call back to a predetermined telephone number set forth in the Insured’s        
 written agreement with such Customer, or by other verification procedures approved in writing by the Underwriter (“Security Measure”). |

| (5) | The Insured preserved a contemporaneous record of the Verified Instruction and any Security Measure and                      
 furnishes both to the Insurer, along with a copy of the Insured’s written agreement with the Customer, in the Proof of Loss. |

| (6) | The Insured asserts any available claims, offsets or defenses against the Customer, any financial institution, 
 any fund administrator or any other party to the transaction.                                                  |

| B. | The applicable Single Loss Limit of Liability and Single Loss Deductible for the Customer Funds Transfer Fraud Insuring Agreement 
 are as set forth in the Declarations or in the above schedule.                                                                    |

| C. | Solely with respect to the coverage provided by this Rider: |

| 1. | The following Definitions are added to the DEFINITIONS section: |

Authorized Transfer Agent means an employee
of the Customer or another financial institution with authority to instruct the Insured to transfer the Customer’s Money or Certificated
Securities.

| AXIS 1012198 0322 | Includes copyright material of The Surety Association of America | Page 1 of 2 |

| FINANCIAL INSTITUTION BOND |

Customer
means an entity or natural person who has a written agreement with the Insured authorizing the Insured to transfer Money on