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Yes, you should be able to (obviously if the license has never been transferred prior and meets all other criteria) as you bought that license under the "old" agreement. Best bet would be to open a ticket and ask vbulletin if the license can indeed be transferred legally.
VB5 licenses outside the EU are transferable- one time- for a $45 fee after 90 days. Inside the EU they are transferable so long as they stay in the EU for a $45 fee each time.
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