Moving nodelocked modeling tool to another machine

To move the nodelocked (locked to the particular machine) license from one machine to another:

Install the modeling tool on a new machine.
Request a license key for a new machine (determine the Host ID and provide it to your sales representative).
Get a new license key.
Start the modeling tool and add a license key.

Please note that you do not need to request for a new license key if you use a floating/shareable license.