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The way that the language reads in the first reference to the $100,000, I would say it is open to debate (which means open to interpretation by a court), but the second use of the $100,000 figure is in language which seems to define what they mean by the $100,000 reference "the expenditure of at least $100,000 on improvements to the property, as certified by the second party's accountant". This language does not on its face seems to include 'sweat equity' but actual capital expenditures.
If the mater is material, it is likely that you are going to need a judge to define the term for you.
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