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Elise Noromit
Hello,
If you run one and the same site on the domain and sub-domain, for example, live and testing version of the same site, you do not need an additional license.
If your domain and sub-domain are different sites, though they are equal, you will need a separate license for each of them.
The license is life-time, you will get access to the theme update. The support is renewed as per terms and conditions of the Themeforest
You can export your products by means of the default WordPress options: Tools > Export > chose Products, then Import in the same way: Tools > Import > upload the site. Please make the full backup of your site before each considerable work.
If you have any questions please feel free to contact us.
Best Regards