Have looked to see if you have a corrupted LicenseSettings.xml and it needs to be restored. HPE document (KM02123386)[https://softwaresupport.softwaregrp.com/group/softwaresupport/search-result/-/facetsearch/document/KM02123386] has quick procedure. However, if you have to rebuild the file HPE document provides the elements that are required.
Steps to restore file
1. Copy file from binLicenseSettings.xml
2. Paste file to C:ProgramDataHewlett-PackardUFTLicenseLicenseSettings.xml
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