Installing the os x 10.7 lion update. please help!

can someone please help me install the update i purchased. i purchsed it on the app store. i am new to mac, i received an email saying with the licence number and password. how do i install and redeem the update? Is it via the internet? can someone please walk me through the steps. i am lost right now.

You must sign into the App Store using your Apple ID. On the right side you will see a column headed by Quick Links. Click on the Redeem link in the list.

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