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Sorry for my late reply here, but I have already replied in the CodeCanyon comments. Here is the answer again:

1. Download file again, when you download it now you will get new version. There is only one download link, but it will always give you latest available version.
2. Here is tutorial on installing and updating plugins: [url]http://www.smartplugins.info/tutorial/general-wordpress/installing-wordpress-plugins/[/url]

Milan