Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 151

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 151
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 methodology employed by the Administrator in determining how certain expenses
are allocated to the Company, (iii) the breadth, depth, and quality of such administrative services provided, (iv) certain comparative
information on expenses borne by other companies for somewhat similar services known to be available, and (v) the possibility of obtaining
such services from a third party.

Limitation on Liability and Indemnification.The Services Agreement provides that the Administrator and its officers, directors, employees, agents, control persons, and affiliates
are not liable to us or any of our stockholders for any act or omission by it or its employees in the supervision or management of our
investment activities or for any damages, liabilities, costs, and expenses (including reasonable attorneys’ fees and amounts reasonably
paid in settlement) or losses sustained by us or our stockholders, except that the foregoing exculpation does not extend to any act or
omission constituting willful misfeasance, bad faith, gross negligence, or reckless disregard of its obligations under the Services Agreement.
The Services Agreement also provides for indemnification by us of the Administrator’s members, directors, officers, employees, agents,
control persons, and affiliates for liabilities incurred by them in connection with their services to us, subject to the same limitations
and to certain conditions.

We and our Adviser are not currently subject to
any material legal proceedings.

<div align='center'>MANAGEMENT</div>

Our board of directors is responsible for the
overall management and supervision of our business and affairs, including the appointment of advisers and sub-advisers. Our directors
may appoint officers who assist in managing our day-to-day affairs.

The Board of Directors

The board of directors currently consists of five
members, four of whom are not “interested persons” (as defined in the 1940 Act) of us. We refer to these directors as our
“independent directors.”

Under our certificate of incorporation and bylaws,
our board of directors is divided into three classes with staggered three-year terms. The term of only one of the three classes expires
at each annual meeting of our stockholders. The classification of our board of directors across staggered terms may prevent replacement
of a majority of the directors for up to a two-year period.

The holders of our Series A Term Preferred Stock, voting as a separate
class, have the right to elect two Preferred Directors (regardless of the number of directors serving on the Board). Accordingly, stockholders
of the Series A Term Preferred Stock