Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 235

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 235
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 action or suit was brought shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled
to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

Section 145(g) of the DGCL provides,
in general, that a corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director,
officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee
or agent of any other enterprise, against any liability asserted against the person in any such capacity, or arising out of the person’s
status as such, regardless of whether the corporation would have the power to indemnify the person against such liability under the provisions
of the law. We have obtained liability insurance for the benefit of our directors and officers.

The Investment Advisory Agreement between the
Registrant and Pearl Diver provides that, absent willful misfeasance, bad faith or gross negligence in the performance of its duties or
by reason of the reckless disregard of its duties and obligations, the Adviser and its officers, managers, agents, employees, controlling
persons, members and any other person or entity affiliated with it are entitled to indemnification from the Registrant for any damages,
liabilities, costs and expenses (including reasonable attorneys’ fees and amounts reasonably paid in settlement) arising from the
rendering of the Adviser’s services under the Investment Advisory Agreement or otherwise as an investment adviser of the Registrant.

The Underwriting Agreements between the Registrant
and the Underwriters provide that the underwriters agree to indemnify, defend and hold harmless each of the Registrant and the Adviser,
and each of their respective partners, directors, managers, members and stockholders (as the case may be), and each officer of the Registrant
who signs the Registration Statement and each person, if any, who controls the Registrant and/or the Adviser within the meaning of either
Section 15 of the Securities Act of 1933, as amended (the “Securities Act”) or Section 20 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), from and against any loss, damage, expense, liability or claim (including the
reasonable cost of investigation) which, jointly or severally, the Registrant or any such person may incur under the Securities Act,