Company: PDCC
Filing Date: 2025-05-09
Form Type: 40-17G
Source: 0001214659-25-007297
Chunk: 40

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-09
Form: 40-17G
Chunk 40
---
UTION BOND |

| E. | The exclusion below, found in the EXCLUSIONS section of financial institution bonds forms 14, and 25, 
 does not apply to the Computer Systems Fraud Insuring Agreement.                                      |

"loss
involving any Uncertificated Security except an Uncertificated Security of any Federal Reserve Bank of the United States or when covered
under Insuring Agreement (A);"

| F. | The Single Loss Defined subsection of the LIMIT OF LIABILITY section is amended by the addition of the 
 following:                                                                                             |

Solely with respect to the Computer
Systems Fraud Insuring Agreement, all loss or series of losses involving the fraudulent acts of one individual, or involving fraudulent
acts in which one individual is implicated, whether or not that individual is specifically identified, shall be treated as a Single Loss
and subject to the Single Loss Limit of Liability. A series of losses involving unidentified individuals but arising from the same method
of operation shall be deemed to involve the same individuals and in that event shall be treated as a Single Loss and subject to the Single
Loss Limit of Liability.

| G. | The applicable Single Loss Limit of Liability and Single Loss Deductible for the Computer Systems Fraud 
 Insuring Agreement are as set forth in the Declarations or in the above schedule.                       |

All other provisions of the bond remain unchanged.

| AXIS 1012861 0221 | Includes copyright material of The Surety Association of America | Page 3 of 3 |

| FINANCIAL INSTITUTION BOND |

| Rider Number | Effective Date of Rider  | Bond Number        | Premium |
| 16           | 12:01 a.m. on 05/22/2025 | P-001-003812403-02 | N/A     |

<div align='center'>AMEND EXCLUSION (M) RIDER</div>

It is agreed that the Section entitled CONDITIONS AND LIMITATIONS, the Section entitled EXCLUSIONS, exclusion (m) is replaced with the following:

(m) loss resulting directly or indirectly from surrender of property
as a result of:

| (1) | kidnaping, |

| (2) | payment of ransom or any extortion-related payment, |

| (3) | threats of bodily harm to any person, except the custodian of the property, or of damage to the premises 
 or property of the Insured, or                                                                           |

| (4) | actual disappearance, damage, destruction, confiscation, or theft of property