Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 150

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 150
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 office facilities, equipment, and clerical, bookkeeping, and record-keeping services at such
facilities. Under the Services Agreement, the Administrator performs, or arranges for the performance of, our required administrative
services, which include being responsible for the financial records that we are required to maintain and preparing reports to our stockholders.
In addition, the Administrator provides us with accounting services, assists us in determining and publishing our NAV, oversees the preparation
and filing of our tax returns, monitors our compliance with tax laws and regulations, and prepares any audits by an independent public
accounting firm of, our financial statements. The Administrator is also responsible for the printing and dissemination of reports to our
stockholders and the maintenance of our website. It provides support for our investor relations, generally oversees the payment of our
expenses and the performance of administrative and professional services rendered to us by others, and provides such other administrative
services as we may from time to time designate. Payments under the Services Agreement are equal to an amount based upon our allocable
portion of the Administrator’s overhead in performing its obligations under the Services Agreement, including rent, the fees and
expenses associated with performing compliance functions, and our allocable portion of the compensation of our chief financial officer
and chief compliance officer and our allocable portion of the compensation of any administrative support staff. Our allocable portion
of such total compensation is based on an allocation of the time spent on us relative to other matters. To the extent the Administrator
outsources any of its functions, we pay the fees on a direct basis, without profit to the Administrator. The Services Agreement may be
terminated by us without penalty upon at least 90 days’ written notice to the Administrator and by the Administrator upon at least
90 days’ written notice to us. The Services Agreement will remain in effect if approved by the board of directors, including by
a majority of our independent directors, on an annual basis. For the fiscal period from July 9, 2024 to December 31, 2024, we incurred
approximately $148,468 in administration fees.

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When considering the approval of the Services
Agreement, the board of directors considers, among other factors, (i) the reasonableness of the compensation paid by us to the Administrator
and any third-party service providers in light of the services provided, the quality of such services, any cost savings to us as a result
of the arrangements, and any conflicts of interest, (ii) the