To enter your License Code, simply double-click on Escape Velocity to launch it, and click on the same Register button you used to purchase the License Code.
Instead of selecting Register, click on the second option - Enter License Code.
You can also access the Register application from within the Escape Velocity folder. Open the Escape Velocity folder, double click on the Register Escape Velocity application, click the right arrow, and then select the second option - Enter License Code.
Enter the License information exactly as it was sent to you, and you are all set!