Solution
To generate the MP500 License Context File (.mprac) please follow the below steps.
- Connect your MP500 to your computer using USB or ethernet cable.
- Turn it on.
- Open MPMANAGER 3.X version.
- Go to the Connection tab.
- Click on Connect to connect your device.
- Once the information about your device appears, click on GENERATE LICENSE CONTEXT FILE.
Once you have the 'mprac' file, share it with NI Support and you will be provided with an 'mprau' file which you can use for hardware activation.