Licensing error

We are getting an error when our artist try to run Krakatoa or Frost. The error states that the desired vendor daemon is down. Attached is the screen cap and error log. Please advise, thanks.

9:03:20 (lmgrd) -----------------------------------------------

9:03:20 (lmgrd) Please Note:

9:03:20 (lmgrd)

9:03:20 (lmgrd) This log is intended for debug purposes only.

9:03:20 (lmgrd) In order to capture accurate license

9:03:20 (lmgrd) usage data into an organized repository,

9:03:20 (lmgrd) please enable report logging. Use Flexera Software, Inc.'s

9:03:20 (lmgrd) software license administration solution,

9:03:20 (lmgrd) FLEXnet Manager, to readily gain visibility

9:03:20 (lmgrd) into license usage data and to create

9:03:20 (lmgrd) insightful reports on critical information like

9:03:20 (lmgrd) license availability and usage. FLEXnet Manager

9:03:20 (lmgrd) can be fully automated to run these reports on

9:03:20 (lmgrd) schedule and can be used to track license

9:03:20 (lmgrd) servers and usage across a heterogeneous

9:03:20 (lmgrd) network of servers including Windows NT, Linux

9:03:20 (lmgrd) and UNIX. Contact Flexera Software, Inc. at

9:03:20 (lmgrd) flexerasoftware.com) for more details on how to

9:03:20 (lmgrd) obtain an evaluation copy of FLEXnet Manager

9:03:20 (lmgrd) for your enterprise.

9:03:20 (lmgrd)

9:03:20 (lmgrd) -----------------------------------------------

9:03:20 (lmgrd)

9:03:20 (lmgrd)

9:03:20 (lmgrd) pid 17240

9:03:20 (lmgrd) Detecting other license server manager (lmgrd) processes…

9:03:20 (lmgrd) Done rereading

9:03:20 (lmgrd) FLEXnet Licensing (v11.10.0.3 build 96515 i86_n3) started on TTUC-3D01 (IBM PC) (3/27/2012)

9:03:20 (lmgrd) Copyright © 1988-2011 Flexera Software, Inc. All Rights Reserved.

9:03:20 (lmgrd) US Patents 5,390,297 and 5,671,412.

9:03:20 (lmgrd) World Wide Web: flexerasoftware.com

9:03:20 (lmgrd) License file(s): C:\flexlm\thinkbox_license_3-27-2012.lic

9:03:20 (lmgrd) lmgrd tcp-port 27001

9:03:20 (lmgrd) Starting vendor daemons …

9:03:20 (lmgrd) Started thinkbox (pid 17144)

9:03:20 (lmgrd) Started frantic (pid 17404)

9:03:20 (thinkbox) FLEXnet Licensing version v11.10.0.0 build 95001 i86_n3

9:03:20 (frantic) FLEXnet Licensing version v11.4.0.0 build 31341

9:03:20 (frantic) lmgrd version 11.10, frantic version 11.4

9:03:20 (frantic) UPGRADING 100 “deadline” from version 4.10 to version 5.00

9:03:20 (frantic) Server started on TTUC-3D01 for: deadline

9:03:20 (frantic) deadline frost krakatoa-max

9:03:20 (frantic) krakatoa-max-render

9:03:20 (thinkbox) EXPIRED: deadline

9:03:20 (thinkbox) License server system started on TTUC-3D01

9:03:20 (thinkbox) No features to serve, exiting

9:03:20 (thinkbox) EXITING DUE TO SIGNAL 27 Exit reason 4

9:03:20 (lmgrd) thinkbox exited with status 27 (No features to serve)

9:03:20 (lmgrd) thinkbox daemon found no features. Please correct

9:03:20 (lmgrd) license file and re-start daemons.

9:03:20 (lmgrd)

9:03:20 (lmgrd) This may be due to the fact that you are using

9:03:20 (lmgrd) a different license file from the one you expect.

9:03:20 (lmgrd) Check to make sure that:

9:03:20 (lmgrd) C:\flexlm\thinkbox_license_3-27-2012.lic

9:03:20 (lmgrd) is the license file you want to use.

9:03:20 (lmgrd)

9:03:20 (lmgrd) frantic using TCP-port 63440
Frost Lic.JPG

Just a guess from these lines:

… EXPIRED: deadline
… No features to serve, exiting
… C:\flexlm[b]thinkbox_license_3-27-2012[/b].lic

Did your Deadline 5.1 license expire?
Please contact sales about getting an updated license.
Technologically, everything is fine, I think you just need an update.