If you want to change your license from monthly to yearly billing intervals you should request cancellation of your current license (You can choose it next to the product drop down in the client area - choose "at end of billing cycle") . That way you can use your existing license for the time you purchased without being re-billed for it. Then purchase a new yearly license before the month is up.
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Do subdomains count towards license limits?
Subdomains do NOT count towards your domain limits. So you could have a server with a few domains...