See for a ALM manual quote below
3.3.6 Offline Transfer of License KeysThe License Key > Offline Transfer menu command opens the "License Key
Offline Transfer" dialog.
To perform an offline transfer of license keys, both the Automation License
Manager as well as the software using the license key must be installed on both
computers (source and target).
Select the offline transfer step you want to perform and click "Next".
You have the following options:
• Generate start code
• Generate request code
• Generate activation code
• Activate license keys
The wizard for the offline transfer guides you step by step through the transfer.
Generally it looks like this - 2 PC, 1 having license for ex. Step 5.5 basis. All so-called codes are generated via ALM. On PC you generate special file containing start code. Send this file to another PC. Then you can generate request code file using start code file. Send request code file back. Based on request code activation code is generated + license is delete on source PC. Send activation to target PC, enter activation code there - and license appears on target PC.