Read before following any of these instructions listed here: If your SmartBOL support contract has expired, follow these instructions at your own risk. SmartBOL Support does not provide any support without an active support contract. Please refer to support policies at www.smartbol.com/support.htm for support policies.
To Update license key option is under Menu
File --> Update Key. Use Copy and Paste to enter the name and key. Then close and reopen SmartBOL.