The Cook Illinois Warrant Agreement is a legally binding agreement between Immunomedics, Inc. and Cook Illinois, allowing the latter to purchase shares of common stock from the former under specific terms and conditions. This agreement serves as a means for Cook Illinois to increase its ownership of Immunomedics' common stock. Under the Cook Illinois Warrant Agreement, there are two main types of warrants available for purchase: call warrants and put warrants. 1. Call Warrants: These provide Cook Illinois with the right, but not the obligation, to purchase a specified number of shares of Immunomedics' common stock at a predetermined price, known as the exercise price. Call warrants are typically purchased when there is an expectation of the stock's price to increase, allowing Cook Illinois to profit from the anticipated rise in value. 2. Put Warrants: In contrast, put warrants grant Cook Illinois the right, but not the obligation, to sell a specific number of shares of Immunomedics' common stock back to the company at a predetermined price, the exercise price. Put warrants are often used when there is a belief in the stock's declining value, allowing Cook Illinois to safeguard against potential losses by selling at the predetermined exercise price. The Cook Illinois Warrant Agreement is a flexible tool for both Immunomedics, Inc. and Cook Illinois, as it provides an opportunity for Cook Illinois to increase its ownership stake in the company while allowing Immunomedics to raise additional capital. The agreement establishes a mutually beneficial relationship by allowing Cook Illinois to profit from potential stock price growth and Immunomedics to secure necessary funding through the purchase of shares of common stock.