1. Use LPWizardLicenseGenerator.exe to make license.txt.
2. Install LP Wizard and Mentor Graphics Licensing.
3. At Configure License select Typical and browse to your license.txt from step 1.
4. Copy MGLS.DLL and MGLS64.DLL to program folder.
i.e. C:\MentorGraphics\10.1LPW
5. Tick all Installed Options in Product Information.