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:
