1,578,948 Shares Innovative Industrial Properties, Inc. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • April 5th, 2022 • Innovative Industrial Properties Inc • Real estate • New York
INDEMNIFICATION AGREEMENTIndemnification Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate • Maryland
THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the day of , , by and between Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”).
•] Shares Innovative Industrial Properties, Inc. [•]% Series A Cumulative Redeemable Preferred Stock UNDERWRITING AGREEMENTUnderwriting Agreement • September 29th, 2017 • Innovative Industrial Properties Inc • Real estate • New York
SEVERANCE AND CHANGE OF CONTROL AGREEMENTSeverance and Change of Control Agreement • March 30th, 2023 • Innovative Industrial Properties Inc • Real estate
THIS AGREEMENT, effective as of the 29th day of March, 2023, is by and between Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), IIP Operating Partnership, LP, a Delaware limited partnership (the “Partnership”), and David Smith (the “Employee”).
LEASE DATED October 30, 2019 by and between IIP-IL 3 LLC, a Delaware limited liability company and PHARMACANN LLC, an Illinois limited liability company LEASE AGREEMENTLease Agreement • November 5th, 2019 • Innovative Industrial Properties Inc • Real estate • Illinois
This Lease Agreement (this “Lease“), dated October 30, 2019 (the “Execution Date”), is made between IIP-IL 3 LLC, a Delaware limited liability company (“Landlord“), and PHARMACANN LLC, an Illinois limited liability company (“Tenant“).
IIP OPERATING PARTNERSHIP, LP, as Issuer INNOVATIVE INDUSTRIAL PROPERTIES, Inc. AND SUBSIDIARY GUARANTORS, as GuarantorS GLAS TRUST COMPANY LLC, as TrusteeIndenture • May 25th, 2021 • Innovative Industrial Properties Inc • Real estate • New York
IIP OPERATING PARTNERSHIP, LP, as Issuer INNOVATIVE INDUSTRIAL PROPERTIES, INC. AND SUBSIDIARY GUARANTORS, as Guarantors GLAS TRUST COMPANY LLC, as Trustee INDENTURE Dated as of February 21, 2019Indenture • February 21st, 2019 • Innovative Industrial Properties Inc • Real estate • New York
INDENTURE dated as of February 21, 2019 among IIP Operating Partnership, LP, a Delaware limited partnership (hereinafter called the “Issuer”), Innovative Industrial Properties, Inc., a Maryland corporation (the “General Partner”), each existing subsidiary of the Issuer (the “Subsidiary Guarantors”, and together with the General Partner, the “Guarantors”), and GLAS Trust Company LLC, a limited liability company organized and existing under the laws of the State of New Hampshire, as trustee (the “Trustee”).
LIMITED LIABILITY COMPANY AGREEMENT OF IIP-MO 1 LLCLimited Liability Company Agreement • August 3rd, 2023 • Innovative Industrial Properties Inc • Real estate • Delaware
1,348,389 Shares Innovative Industrial Properties, Inc. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • May 29th, 2020 • Innovative Industrial Properties Inc • Real estate • New York
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and IIP Operating Partnership, LP, a Delaware limited partnership and the Company’s operating partnership (the “Operating Partnership”), confirm their respective agreements (this “Agreement”) with BTIG, LLC ( the “Underwriter,”), with respect to (i) the sale by the Company and the purchase by the Underwriter of the number of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), set forth in Schedule I, and (ii) the grant by the Company to the Underwriter of the option to purchase up to 202,259 additional shares of Common Stock on the terms set forth in Section 2(b). The aforesaid 1,348,389 shares of Common Stock (the “Initial Securities”) to be purchased by the Underwriter and all or any part of the 202,259 shares of Common Stock subject to the option described in Section 2(b) hereof (the “Option Securities”) are herein called, collectively, the “Securities.”
INNOVATIVE INDUSTRIAL PROPERTIES, INC.At-the-Market Sales Agreement • January 23rd, 2023 • Innovative Industrial Properties Inc • Real estate • New York
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and IIP Operating Partnership, LP, a Delaware limited partnership and the Company’s operating partnership (the “Operating Partnership”) confirm their respective agreements (this “Agreement”) with [ ] in its capacity as sales agent for the Company (“Agent” and, together with the Company, the “Parties”), as follows:
SECOND AMENDMENT TO LEASE AGREEMENTLease Agreement • December 14th, 2020 • Innovative Industrial Properties Inc • Real estate
THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is entered into as of December 11, 2020 to be effective as of the 1st day of January, 2021 (“Amendment Effective Date”), by and between IIP-PA 4 LLC, a Delaware limited liability company (“Landlord”), and PHARMACANN PENN PLANT LLC, a Pennsylvania limited liability company (“Tenant”).
ADOPTION AGREEMENT NONQUALIFIED DEFERRED COMPENSATION PLANAdoption Agreement • November 18th, 2019 • Innovative Industrial Properties Inc • Real estate
The undersigned Company acting on behalf of itself and each Participating Employer, having been duly advised by its own counsel as to the legal and tax consequences of adopting this Nonqualified Deferred Compensation Plan (the “Plan”) and having determined that adoption of this unfunded, nonqualified deferred compensation plan will enable the Company to attract and retain key personnel, HEREBY ADOPTS the this Adoption Agreement and the attached base Plan document (referred to together herein as the “Plan”), subject to the following terms, conditions and elections, all of which are integral parts of the Plan adopted hereby:
DEVELOPMENT AGREEMENTDevelopment Agreement • November 5th, 2019 • Innovative Industrial Properties Inc • Real estate • Illinois
Tenant shall be responsible for requiring all of Tenant contractors doing construction or renovation work to purchase and maintain such insurance as shall protect it from the claims set forth below which may arise out of or result from any work performed in connection with the Development, whether such work is completed by Tenant or by any contractors or by any person directly or indirectly employed by Tenant or by any person for whose acts Tenant or any contractors may be liable:
INNOVATIVE INDUSTRIAL PROPERTIES, INC. PERFORMANCE SHARE UNIT AWARD GRANT NOTICE AND PERFORMANCE SHARE UNIT AWARD AGREEMENTPerformance Share Unit Award Agreement • January 12th, 2022 • Innovative Industrial Properties Inc • Real estate • Maryland
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), pursuant to its 2016 Omnibus Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) an award of performance share units (the “Units”) with respect to the number of shares of common stock of the Company (the “Shares”) set forth below. This award (this “Award”) is subject to all of the terms and conditions as set forth herein, in the Performance Share Unit Award Agreement attached hereto as Exhibit A (the “Performance Share Unit Agreement”) and in the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in this Grant Notice and the Performance Share Unit Agreement shall have the same defined meanings specified in the Plan.
RESTRICTED STOCK AWARD GRANT NOTICE AND RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • December 6th, 2016 • Innovative Industrial Properties Inc • Real estate • Maryland
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), pursuant to its 2016 Omnibus Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) the number of shares of Class A common stock of the Company (the “Shares”) set forth below. This Restricted Stock award is subject to all of the terms and conditions as set forth herein, in the Restricted Stock Award Agreement attached hereto as Exhibit A (the “Restricted Stock Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in this Grant Notice and the Restricted Stock Agreement shall have the same defined meanings specified in the Plan.
IIP Operating Partnership, LP 5.50% Senior Notes Due 2026 Fully and Unconditionally Guaranteed by Innovative Industrial Properties, Inc. and the Subsidiary Guarantors PURCHASE AGREEMENTPurchase Agreement • May 25th, 2021 • Innovative Industrial Properties Inc • Real estate • New York
PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONSPurchase and Sale Agreement • November 28th, 2017 • Innovative Industrial Properties Inc • Real estate • Arizona
THIS PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ("Agreement") is made and entered into and effective as of the 21st day of November, 2017, by and between FLYING DUTCHMAN REAL ESTATE HOLDINGS, LLC, an Arizona limited liability company ("Seller"), and IIP OPERATING PARTNERSHIP, LP, a Delaware limited partnership ("Buyer"), each of whom shall sometimes separately be referred to herein as a "Party" and both of whom shall sometimes collectively be referred to herein as the "Parties." This Agreement constitutes: (a) a binding purchase and sale agreement between Seller and Buyer; and (b) joint escrow instructions to Escrow Agent whose consent appears at the end of this Agreement.
AGREEMENT OF LIMITED PARTNERSHIP OF IIP OPERATING PARTNERSHIP, LPLimited Partnership Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate • Delaware
THIS AGREEMENT OF LIMITED PARTNERSHIP OF IIP OPERATING PARTNERSHIP, LP dated as of the 4th of October, 2016, is entered into between INNOVATIVE INDUSTRIAL PROPERTIES, INC., a Maryland corporation, as the General Partner, and INNOVATIVE INDUSTRIAL PROPERTIES, LLC, a Delaware limited liability company, as the Limited Partner.
MULTI-PARTY AGREEMENT REGARDING LEASES AND AMENDMENT TO LEASESMulti-Party Agreement Regarding Leases and Amendment to Leases • March 13th, 2019 • Innovative Industrial Properties Inc • Real estate • Delaware
This Multi-Party Agreement (the “Multi-Party Agreement”) is made as of this 13th of March, 2019 between and among IIP-NY 1 LLC, a Delaware limited liability company (the “NY Landlord”); PHARMACANN LLC, an Illinois limited liability company (the “NY Tenant” or “PharmaCann”); IIP-MA 1 LLC, a Delaware limited liability company (the “MA Landlord”); PHARMACANNIS MASSACHUSETTS INC., a Massachusetts corporation (the “MA Tenant”); IIP-OH 1 LLC, a Delaware limited liability company (the “OH Landlord”); PHARMACANN OHIO LLC, an Ohio limited liability company (the “OH Tenant”); and MEDMEN ENTERPRISES INC., a British Columbia corporation (“MedMen”).
SECOND AMENDMENT TO LEASE AGREEMENTLease Agreement • September 25th, 2019 • Innovative Industrial Properties Inc • Real estate
THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is entered into as of this 24th day of September, 2019, by and between IIP-MA 1 LLC, a Delaware limited liability company (“Landlord”), and PharmaCannis Massachusetts Inc., a Massachusetts corporation (“Tenant”).
FIRST AMENDMENT TO LEASE AGREEMENTLease Agreement • November 5th, 2020 • Innovative Industrial Properties Inc • Real estate
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is entered into to be effective as of the 1st day of November, 2020 (“Amendment Effective Date”), by and between IIP-PA 4 LLC, a Delaware limited liability company (“Landlord”), and PHARMACANN PENN PLANT LLC, a Pennsylvania limited liability company (“Tenant”).
EMPLOYMENT TRANSITION AGREEMENTEmployment Transition Agreement • July 3rd, 2017 • Innovative Industrial Properties Inc • Real estate • California
This Employment Transition Agreement (this “Agreement”), effective as of the Effective Date (as defined below), is made and entered into by and among Innovative Industrial Properties, Inc., a Maryland corporation (the “REIT”), IIP Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership,” and together with the REIT, the “Company”), and Robert Sistek (“Executive”), and inures to the benefit of each of the Company’s current, former and future parents, subsidiaries, related entities, employee benefit plans and their fiduciaries, predecessors, successors, officers, directors, shareholders, agents, employees and assigns (collectively, the “Parties”).
PURCHASE AGREEMENT BETWEEN Pharmacann llc AND IIP operating partnership, LP August 22, 2016Purchase Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate • New York
THIS AGREEMENT (this “Agreement”) is entered into as of the 22nd day of August, 2016 (“Contract Date”), by and among PharmaCann LLC, an Illinois Limited Liability Company, 1140 Lake Street, Suite 304, Oak Park, Ill. (Seller”), and IIP Operating Partnership, LP, 17190 Bernardo Center Drive, San Diego, Ca. (“Buyer”).
THIRD AMENDMENT TO DEVELOPMENT AGREEMENTDevelopment Agreement • February 25th, 2020 • Innovative Industrial Properties Inc • Real estate
THIS THIRD AMENDMENT TO DEVELOPMENT AGREEMENT (this “Amendment”) is entered into as of this 24th day of February, 2020, by and between IIP-MA 1 LLC, a Delaware limited liability company (“Landlord”), PharmaCannis Massachusetts Inc., a Massachusetts corporation (“Tenant”), and IIP Operating Partnership, LP, a Delaware limited partnership (“Parent Company”).
SECOND AMENDMENT TO LEASE AGREEMENTLease Agreement • March 3rd, 2020 • Innovative Industrial Properties Inc • Real estate • Maryland
THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is entered into as of the 3rd day of March, 2020 to be effective as of the 1st day of March, 2020 (the “Amendment Effective Date”), by and between IIP-MD 1 LLC, a Delaware limited liability company (“Landlord”), and HOLISTIC INDUSTRIES LLC, a Maryland limited liability company (“Tenant”).
MULTI-PARTY PA AGREEMENTMulti-Party Pa Agreement • August 12th, 2019 • Innovative Industrial Properties Inc • Real estate • Delaware
This Multi-Party PA Agreement (the “Multi-Party PA Agreement”) is made as of this 9th day of August, 2019 between and among IIP-PA 4 LLC, a Delaware limited liability company (the “Landlord”); PHARMACANN PENN PLANT LLC, a Pennsylvania limited liability company (the “Tenant”); and MEDMEN ENTERPRISES INC., a British Columbia corporation (“MedMen”).
FOURTH AMENDMENT TO DEVELOPMENT AGREEMENTDevelopment Agreement • May 7th, 2020 • Innovative Industrial Properties Inc • Real estate
THIS FOURTH AMENDMENT TO DEVELOPMENT AGREEMENT (this “Amendment”) is entered into effective as of the 31st day of March, 2020, by and between IIP-MA 1 LLC, a Delaware limited liability company (“Landlord”), PharmaCannis Massachusetts Inc., a Massachusetts corporation (“Tenant”), and IIP Operating Partnership, LP, a Delaware limited partnership (“Parent Company”).
FIRST Amendment TO LEASE AGREEMENTLease Agreement • September 25th, 2017 • Innovative Industrial Properties Inc • Real estate
THIS FIRST Amendment TO LEASE AGREEMENT (this “First Amendment”) is made this 25th day of September, 2017 by and between IIP-MD 1 LLC, a Delaware limited liability company (“Landlord”), and HOLISTIC INDUSTRIES LLC, a Maryland limited liability company (“Tenant”).
FUNDING AGREEMENTFunding Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate • California
THIS FUNDING AGREEMENT (this “Agreement”) is made and executed as of October 17, 2016 (the “Execution Date”), by and between IGP Advisers LLC, a California limited liability company (“IGP Advisers”), and Innovative Industrial Properties, Inc., a Maryland corporation (together with its subsidiaries, “IIP”).
FIRST AMENDMENT TO PURCHASE AGREEMENTPurchase Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate
THIS FIRST AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”) is entered into as of this 16th day of September, 2016, by and between PharmaCann LLC, an Illinois limited liability company (“Seller”), and IIP Operating Partnership, LP, a Delaware limited partnership (“Buyer”).
CONSULTING AGREEMENTConsulting Agreement • October 17th, 2016 • Innovative Industrial Properties Inc • Real estate
This Consulting Agreement (“Consulting Agreement”) is entered into this 17th day of October, 2016 (the “Effective Date”), by and between IGP Advisers LLC, a California limited liability company (“Consultant”), and Innovative Industrial Properties, Inc., a Maryland corporation (“IIP”), and IIP Operating Partnership, LP, a Delaware limited partnership (“Partnership”). IIP and the Partnership are collectively referred to herein as the “Company.”
FIRST AMENDMENT TO LEASE AGREEMENTLease Agreement • August 6th, 2020 • Innovative Industrial Properties Inc • Real estate
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is entered into as of this 18th day of June, 2020 (“Amendment Effective Date”), by and between IIP-IL 3 LLC, a Delaware limited liability company (“Landlord”), and PHARMACANN INC., a Delaware corporation (f/k/a PHARMACANN LLC, an Illinois limited liability company) (“Tenant”).
INNOVATIVE INDUSTRIAL PROPERTIES, INC. UP TO $500,000,000 OF COMMON STOCK (par value $0.001 per share) (par value $0.001 per share) EQUITY DISTRIBUTION AGREEMENTEquity Distribution Agreement • May 24th, 2024 • Innovative Industrial Properties Inc • Real estate • New York
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), and IIP Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”), each confirms its agreement (this “Agreement”) with [[●] (in its capacity as purchaser under any Forward Contract (as defined below), the “Forward Purchaser”) and [●] (in its capacity as agent for the Company and/or principal in connection with the offering and sale of any Issuance Shares (as defined below) hereunder, “Agent,” and in its capacity as agent for the Forward Purchaser in connection with the offering and sale of any Forward Hedge Shares (as defined below) hereunder, the “Forward Seller]” and, together with the Company, the Operating Partnership, Agent and the Forward Purchaser, the “Parties”), as follows:
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • May 25th, 2021 • Innovative Industrial Properties Inc • Real estate • New York
This REGISTRATION RIGHTS AGREEMENT dated as of May 25, 2021 (this “Agreement”) is entered into by and among IIP Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”), Innovative Industrial Properties, Inc., a Maryland corporation (the “Guarantor”), the subsidiary guarantors listed on the signature page hereto (the “Subsidiary Guarantors”), and BTIG, LLC, as representative (the “Representative”) of the initial purchasers (the “Initial Purchasers”) named in the Purchase Agreement (as defined below).
FIRST AMENDMENT TO DEVELOPMENT AGREEMENTDevelopment Agreement • September 25th, 2019 • Innovative Industrial Properties Inc • Real estate
This First Amendment to the Development Agreement (“Amendment”) is made and entered into effective as of July 26, 2019, by and between IIP-MA 1 LLC (“Landlord”), IIP Operating Partnership, LP (“Parent Company”), and Pharmacannis Massachusetts Inc. (“Tenant”), together the (“Parties”).
