Watermarks appearing on output videos AI 5.0.3

Since the update when I start up Video AI 5.0.3 I get a message to activate, which I do and the browser page says I’m logged in and proceed. Checked my purchases on the product page and it indicates Video AI is active. However the output videos now all have watermarks! (grrrr) Not including log file since there are no errors, just faulty execution. My AMD CPU, GPU and chipset drivers are all up to date.
System:
Gigabyte X670 AX Elite
AMD Ryzen 9 7950X
AMD Radeon 7900 XTX
Gigabyte DDR5 RAM 16Gb x 2
WD Black NVMe m.2 2Tb (boot drive)
Crucial SSD 2Tb x 4
Windows 10 Pro 22H2 build 19045.4412

In the app, try logging out and also logging out on the website. Clear the cookies and cache in your web browser and then log back in and then open the app again and click activate. This should clear and reconnect your license.