I am reposting this question as I didn't obtain an answer in the post I asked the question in on 7/17/2015. To be fair, it was a tag-along question with a similar issue that "rwangnet" entered on 9/25/2014.
Here is the issue:
When attempting to run LR Controller V12.02, a dialog box pops up that states "There is no valid license" and "To renew your license(s), contact HP Software's Customer Support." as shown below. If anyone has information on this, please respond here. Thank you!