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From the horse's mouth (https://eopen.microsoft.com/EN/help.asp):

22. What does end date mean?

This is the last day for you to place orders under this particular authorization number. It is also the end date for any Upgrade Advantage coverage purchased under this authorization number. Note: Your right to run products for which you have received licenses is perpetual, as long as these products are used only as permitted in your Open License agreement.

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