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The second option seems most appealing to me. I might not need the updates so I don’t want to pre-commit to buying them.

Additionally, it makes it sound quite good that I not only get the current version but also any updates in the next year.

I’m not sure how I would feel about having to pay the same full price again the next year. I think I would expect a reduced price for another year of updates. So for example $99 to get the plugin with a year of updates. And added that year I can extend my license for $49.

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