Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 129

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 129
---
 settlement) or losses sustained by us or our stockholders, except that the foregoing exculpation does not extend to any act or
omission constituting willful misfeasance, bad faith, gross negligence, or reckless disregard of its obligations under the Services Agreement.
The Services Agreement also provides for indemnification by us of the Administrator’s members, directors, officers, employees, agents,
control persons, and affiliates for liabilities incurred by them in connection with their services to us, subject to the same limitations
and to certain conditions.

We and our Adviser are not currently subject to
any material legal proceedings.

<div align='center'>MANAGEMENT</div>

Our board of directors is responsible for the
overall management and supervision of our business and affairs, including the appointment of advisers and sub-advisers. Our directors
may appoint officers who assist in managing our day-to-day affairs.

The Board of Directors

The board of directors currently consists of five
members, four of whom are not “interested persons” (as defined in the 1940 Act) of us. We refer to these directors as our
“independent directors.”

Under our certificate of incorporation and bylaws,
our board of directors is divided into three classes with staggered three-year terms. The term of only one of the three classes expires
at each annual meeting of our stockholders. The classification of our board of directors across staggered terms may prevent replacement
of a majority of the directors for up to a two-year period.

Duties of Directors; Meetings and Committees

Under our certificate of incorporation, our board
of directors is responsible for managing our affairs, including the appointment of advisers and sub-advisers. The board of directors appoints
officers who assist in managing our day-to-day affairs.

The board of directors has appointed Indranil
Basu as Chairperson. The Chairperson presides at meetings of the board of directors and may call meetings of the board and any committee
whenever he deems necessary. The Chairperson participates in the preparation of the agenda for meetings of the board of directors and
the identification of information to be presented to the board of directors with respect to matters to be acted upon by the directors.
The Chairperson also acts as a liaison with our management, officers, and attorneys and the other directors generally between meetings.
The Chairperson may perform such other functions as may be requested by the board of directors from time to time. Except for any duties
specified in this prospectus or pursuant to our