Keil Microvision 5 with Compiler 5 giving license error

Hi all,

I am trying to build the DA14531 BLE SDK example from SDK6.0.16.1144. The prescribed compiler is version 5 [ARM_Compiler_5.06u7] which I have installed as per the instructions from Arm documentation. I have also activated a evaluation license key through the license manager. However when I try to build an example project it throws the following license issue

Build started: Project: ble_app_barebone
*** Using Compiler 'V5.01 [Build 94] ', folder: 'D:\Vishnu_ancit\softwares\ARM\ARM_Compiler_5\Bin'
Build target 'DA14531'
assembling startup_DA14531.s...
startup_DA14531.s: ARM Assembler, 5.01 [Build 94]
startup_DA14531.s: Error: A9932E: Cannot obtain license for Assembler (feature armasm5) with license version >= 5.0201203
startup_DA14531.s: Cannot find license file.
startup_DA14531.s: The license files (or license server system network addresses) attempted are
startup_DA14531.s: listed below. Use LM_LICENSE_FILE to use a different license file,
startup_DA14531.s: or contact your software provider for a license file.
startup_DA14531.s: Feature: armasm5
startup_DA14531.s: Filename: C:\flexlm\license.dat
startup_DA14531.s: License path: C:\flexlm\license.dat;
startup_DA14531.s: Error: 2 "No such file or directory"
startup_DA14531.s: For further information, refer to the FLEXnet Licensing documentation,
startup_DA14531.s: available at "www.flexerasoftware.com".

Any help to fix this issue is deeply appreciated.

Best,

Vishnu