The expiration date on the Registration Code refers to updates, not the software itself. The software will not expire.
The Studio Organizer is constantly being updated and improved. Your first year’s worth of updates are free of charge. After the first year if you would like to have the newest version of the Studio Organizer the price is just $29 for another full year of improvements.
Purchasing annual software updates is optional. Purchasing additional updates is only necessary if you wish to use a version of the Studio Organizer released after the Registration Code expiration date.