Company: IIPR
Filing Date: 2025-02-21
Form Type: S-3ASR
Source: 0001104659-25-016184
Chunk: 28

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-02-21
Form: S-3ASR
Chunk 28
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 be determined by reference to an 
 index based on a currency or currencies other than that in which the debt securities are denominated or designated to be payable 
 or by reference to a commodity, commodity index, stock exchange index or financial index;                                        |

| · | any provisions relating to any security provided for 
 the debt securities or any guarantees;               |

| · | any addition to, deletion of or change in the Events                                                                              
 of Default (as defined below) described in this prospectus or in the indenture with respect to the debt securities and any change 
 in the acceleration provisions described in this prospectus or in the indenture with respect to the debt securities;              |

| · | any addition to, deletion of or change in the covenants                               
 described in this prospectus or in the indenture with respect to the debt securities; |

| · | a discussion of any additional material U.S. federal                          
 income tax considerations applicable to an investment in the debt securities; |

| · | any depositaries, interest rate calculation agents,                                   
 exchange rate calculation agents or other agents with respect to the debt securities; |

| · | the provisions, if any, relating to conversion or exchange                                                                                
 of any debt securities of such series, including if applicable, the conversion or exchange price and period, provisions as to whether     
 conversion or exchange will be mandatory, the events requiring an adjustment of the conversion or exchange price and provisions affecting 
 conversion or exchange;                                                                                                                   |

| · | any other terms of the debt securities, which may supplement,                                                                           
 modify or delete any provision of the indenture as it applies to that series, including any terms that may be required under applicable 
 law or regulations or advisable in connection with the marketing of the securities;                                                     |

| · | whether the debt securities are entitled to the benefits                                                                          
 of the guarantee of any guarantor, and whether any such guarantee is made on a senior or subordinated basis and, if applicable, a 
 description of the subordination terms of any such guarantee;                                                                     |

| · | whether a person other than Argent Institutional Trust 
 Company is to act as trustee;                          |

| · | whether a person other than Securities Transfer Corporation 
 is to act as registrar;                                     |

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| · | the securities exchange, if any, on which the debt 
 securities may be listed; and                      |

| · | any change in the right of the trustee or the right                                          
 of the requisite holders to declare the principal amount