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If the money isn't a big deal to you then I'd say fuck it. Just pay it and be done with it. They could go broke a week after you pay and you kick yourself in the ass or they could get bought out and then harass you again.
The contract is kind of a shitty deal if it renewed each year, but what can yoiu do it was done. At least if you pay it, you won't have to deal with it ever again.
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