How to install License Keys

To install a license key through the Panel graphical user interface:

On your Home page, click Tools & Utilities > License Management.
Click the Upload Key icon.

Specify the path to the license key file location: enter the path into the input box provided, or click Browse to browse for the desired location.

Select the Replace the currently installed license key with the selected one check box.
Click OK to submit.

The license key file will be upload to the Panel.

If you wish to upload keys for additional product features, select the Additional License Keys tab and upload the keys.

Reference: http://parallels.com/

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