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Problem with V-ray 3.00.03 license
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If you have upgraded from 2.4 to 3.0 you have to have the dongle reprogrammed with the new licence.
Here is instructions on how to extract the .wbc file from your dongle. http://www.spot3d.com/vray/help/200R..._quick_2_0.pdf (Look at bottom of pdf)
If you send that extracted file to Chaos they will send back a small file to upgrade the dongle
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Thank you, DEREK_DALLAS.
Actually there is a newer help and installation guide here:
http://docs.chaosgroup.com/display/V...r+3ds+Max+HelpTechnical Support
Chaos Group
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