Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 188

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 188
---
 breach of the director’s duty of loyalty to the corporation or its stockholders, (2) for acts or omissions not in good faith
or which involve intentional misconduct or a knowing violation of law, (3) under Section 174 of the DGCL, relating to unlawful payment
of dividends or unlawful stock purchases or redemption of stock, or (4) for any transaction from which the director derives an improper
personal benefit.

Our certificate of incorporation provides for
the indemnification of any person to the full extent permitted, and in the manner provided, by the current DGCL or as the DGCL may hereafter
be amended. In addition, we have entered into indemnification agreements with each of our directors and officers in order to effect the
foregoing.

| 104 |

Delaware Anti-Takeover Law. The DGCL and
our certificate of incorporation and bylaws contain provisions that could make it more difficult for a potential acquirer to acquire us
by means of a tender offer, proxy contest, or otherwise. These provisions are expected to discourage certain coercive takeover practices
and inadequate takeover bids and to encourage persons seeking to acquire control of us to negotiate first with our board of directors.
These measures may delay, defer, or prevent a transaction or a change in control that might otherwise be in the best interests of our
stockholders. These provisions could have the effect of depriving stockholders of an opportunity to sell their shares at a premium over
prevailing market prices by discouraging a third party from seeking to obtain control over us. Such attempts could have the effect of
increasing our expenses and disrupting our normal operations. We believe that the benefits of these provisions outweigh the potential
disadvantages of discouraging any such acquisition proposals because the negotiation of such proposals may improve their terms. Our board
of directors has considered these provisions and has determined that the provisions are in the best interests of us and our stockholders
generally.

We are subject to the provisions of Section 203
of the DGCL regulating corporate takeovers. In general, these provisions prohibit a Delaware corporation from engaging in any business
combination with any interested stockholder for a period of three years following the date that the stockholder became an interested stockholder,
unless:

| · | prior to such time, the board of directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;                                                                         |
| · | upon consummation of the transaction that resulted in the stockholder becoming an interested stock