Company: PDCC
Filing Date: 2025-05-09
Form Type: 40-17G
Source: 0001214659-25-007297
Chunk: 33

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-09
Form: 40-17G
Chunk 33
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 signatures in any form.

Securities means Certificated Securities or Uncertificated
Securities.

Social Engineering Fraud
Instruction means a telephonic, written, or electronic instruction communicated to an Employee by a natural person purporting to be
an Authorized Transfer Agent, or by an individual acting in collusion with such person, for the purpose of intentionally misleading
an Employee to transfer, pay, or deliver the Insured’s Money or Securities, but which instruction was not actually made by an
Authorized Transfer Agent; provided, however, that Social Engineering Fraud Instruction shall not include any such instruction
communicated by an employee of a Vendor who was acting in collusion with any third-party in communicating such instruction.

| AXIS 1012231 0221 | Includes copyright material of The Surety Association of America | Page 1 of 3 |

| FINANCIAL INSTITUTION BOND |

Vendor means any entity or natural person
that provides goods or support services to the Insured pursuant to a written agreement between the Vendor and the Insured. Vendor does
not include any customer, automated clearing house, custodian, financial institution, administrator, counter-party, or any similar entity.

| C. | Solely with respect to the coverage provided by this Rider, and solely with respect to bond forms 15 and 
 24, the DEFINITIONS section is amended by the addition of the following new definition:                  |

Uncertificated Security means a share,
participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer, which is:

| (1) | not represented by an instrument and the transfer of which is registered upon books maintained for that 
 purpose by or on behalf of the issuer;                                                                  |

| (2) | of a type commonly dealt in on securities exchanges or markets; and |

| (3) | either one of a class or series or by its terms divisible into a class or series of shares, participations, 
 interests or obligations.                                                                                   |

| D. | The EXCLUSIONS section, Exclusion (h), is deleted in its entirety and replaced by the following: |

(h) loss caused by an Employee, except when covered under:

| (1) | Insuring Agreement (A); |

| (2) | Insuring Agreement (B) or (C) and resulting directly from misplacement, mysterious unexplainable disappearance, 
 or destruction of or damage to Property; or                                                                     |

| (3) | the Social Engineering Fraud Insuring