Company: PDCC
Filing Date: 2025-05-09
Form Type: 40-17G
Source: 0001214659-25-007297
Chunk: 34

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-09
Form: 40-17G
Chunk 34
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 Agreement and resulting directly from unintentional acts of the 
 Employee.                                                                                             |

| E. | The EXCLUSIONS section is amended by the addition of the following Exclusion: |

loss resulting directly or indirectly
from an Employee relying upon and/or acting upon a Social Engineering Fraud Instruction, except when covered under the Social Engineering
Fraud Insuring Agreement.

| F. | The LIMIT OF LIABILITY section is amended by the addition of the following: |

<div align='center'>Social Engineering Fraud Insuring Agreement Single
Loss Limit of Liability
with Official Authorization</div>

Subject to any applicable Aggregate
Limit of Liability, the Social Engineering Fraud Insuring Agreement Single Loss Limit of Liability with Official Authorization set forth
in the SOCIAL ENGINEERING FRAUD INSURING AGREEMENT COVERAGE SCHEDULEshall apply to each Single Loss covered under the Social Engineering
Fraud Insuring Agreement, provided that the following conditions precedent are satisfied:

| (a) | the Insured obtained Official Authorization from at least two Employees, one of whom is an officer of                                  
 or serves in a supervisory capacity with the Insured, and who was not the Employee who initially received the Social Engineering Fraud 
 Instruction which was sent by a person purporting to be an Authorized Transfer Agent; and                                              |

| (b) | such loss occurred on or after the Social Engineering Fraud Increased Limits Date for Loss with Official 
 Authorization set forth in the SOCIAL ENGINEERING FRAUD INSURING AGREEMENT COVERAGE SCHEDULE.            |

| AXIS 1012231 0221 | Includes copyright material of The Surety Association of America | Page 2 of 3 |

| FINANCIAL INSTITUTION BOND |

<div align='center'>Social
Engineering Fraud Insuring Agreement Single Loss Limit of Liability
without Official Authorization</div>

Subject to any applicable Aggregate
Limit of Liability, the Underwriter’s liability for each Single Loss covered under the Social Engineering Fraud Insuring Agreement
shall not exceed the Single Loss Limit of Liability without Official Authorization set forth in the SOCIAL ENGINEERING FRAUD INSURING AGREEMENT COVERAGE SCHEDULEif one or both of the conditions precedent described in the above paragraph are not satisfied.

| G. | The LIMIT OF LIABILITY section is amended by the addition of the following: |

<div align='center'>Social Engineering Fraud Insuring Agreement Aggregate Limit
of Liability</div>

The Underwriter’s total liability
for all losses covered under the Social Engineering Fraud Insuring Agreement and discovered during the Bond Period shown in Item 2 of
the