Error 102049: Backup failed because not enough license units are available (or trial period has expired). To continue backup, purchase the required licenses and allot to the server from the registe

Error 102049: Backup failed because not enough license units are available (or trial period has expired). To continue backup, purchase the required licenses and allot to the server from the registe

I have an issue with the using Free edition. I have allotted the licenses that I have for my free edition. The free units were visible on the portal however, the protected sources are still way under the max count but I am still getting the same error. Only 2 VMs are being protected and the error is still complaining about trial period expiry. The license check is successfully running every 24 hours. 
I am unable to resolve this issue and I am not sure where to look for as I have checked the logs as well as the error messages in the GUI.
Urgently waiting for reply.