4)Optionally, allow the Licensing Wizard to Modify your FlexLM environment variable and reboot your machine to complete the license installation process. 3)Using the Licensing Wizard, specify the location of the saved license file. 2)Run the 'Licensing Wizard' program from within the ModelSim XE program group. To license the ModelSim XE product, please follow these steps: 1)Save the attached file to your hard drive, noting its location.