Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 154

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 154
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 directors, and makes the final selection and nomination of candidates to serve as independent directors.
In addition, the governance and nominating committee makes recommendations regarding the compensation of the Company’s independent
directors for approval by the Board as there is no separate compensation committee of the Company. The board of directors nominates and
selects our interested directors and the officers. Tarun Jotwani serves as Chairperson of the governance and nominating committee. The
governance and nominating committee met one time during the calendar year ended December 31, 2024.

In reviewing a potential nominee and in evaluating
the re-nomination of current independent directors, the governance and nominating committee will generally apply the following criteria:
(1) the nominee’s reputation for integrity, honesty, and adherence to high ethical standards; (2) the nominee’s business acumen,
experience and ability to exercise sound judgment; (3) a commitment to understand the Company and the responsibilities of a director of
an investment company; (4) a commitment to regularly attend and participate in meetings of the board of directors and its committees;
(5) the ability to understand potential conflicts of interest involving management of the Company and to act in the interests of all stockholders;
and (6) the absence of a real or apparent conflict of interest that would impair the nominee’s ability to represent the interests
of all the stockholders and to fulfill the responsibilities of an independent director. The governance and nominating committee does not
necessarily place the same emphasis on each criteria and each nominee may not have each of these qualities.

As long as an existing independent director continues,
in the opinion of the governance and nominating committee, to satisfy these criteria, we anticipate that the governance and nominating
committee would favor the re-nomination of an existing independent director rather than nominate a new candidate. Consequently, while
the governance and nominating committee will consider nominees recommended by stockholders to serve as independent directors, the governance
and nominating committee may only act upon such recommendations if there is a vacancy on the board of directors or a committee and it
determines that the selection of a new or additional independent director is in our best interests. In the event that a vacancy arises
or a change in membership is determined to be advisable, the governance and nominating committee will, in addition to any stockholder
recommendations, consider candidates identified by other means, including candidates proposed by members of the governance and nominating
committee. The governance and nominating committee may retain