Libertalia: Winds of Galecrest

Cook (26) was argued both ways 1) gain a second loot token only if you first gain a hook 2) gain a second loot token as long as you don’t gain a hook first. Which one is correct?

The only reason that text is on the card is because there is a hook loot tile ability that removes the character who gains it. So the Cook is just saying that if it’s removed from the island by taking a hook token, it isn’t there to gain another token.