Updater doesn't charge the end customer for its 'mover product', they charge the real estate companies that offer the service to its clients. This is taken from page 93 of the prospectus:
Term
Real Estate Companies agree to an initial one-year term, with automatic renewals for successive 12 month periods thereafter. However, Real Estate Companies may terminate the MSA at any time if they are not reasonably satisfied with the Company’s product.
Pricing
Real Estate Companies will be charged an annual amount determined by a number of factors, including their estimated transaction volume, industry and geographic location, their customisation and branding requirements and the extent and complexity of their required analytics and reporting. Any special first-year pricing or special discounts will apply only to the initial one-year term. Pricing for each renewal term after the first year is to be mutually agreed in writing prior to the beginning of such renewal term.
