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The license is for two computers at a time. Starting with 4.0 you must uninstall online 1 computer before you can install on another. Not sure on this point but If you install 3.xx on another machine you will be stuck with it there as it can't be uninstalled online
You are not "stuck" with any version or computer. MTU will give you a new registration number for a different computer. Put in a Support Ticket & just tell MTU what you want to do. They will issue you a new registration number.
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