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How to update the plugin? what steps you can take?

STEP 1: TAKE BACK OF THE EXITING PLUGIN USING FTP, DOWNLOAD FROM SERVER TO YOUR SYSTEM.

STEP 2: DOWNLOAD THE LATEST VERSION FROM THE CODECANYON

STEP 3: UNZIP THE FILE AND USING FTP TO TRANSFER THE FILES TO THE SERVER

STEP 4: IF YOU MADE ANY CUSTOMIZATION, PLEASE ENSURE THAT YOU MADE IT IN THE NEW VERSION

Above is recommended method to update the plugin.Please let me know if you have any issues.