Unable to load checkouts in bentley licensing tool

My Staad.Pro Connect edition has stopped working and crashes on startup. I am getting this in the bentley licensing tool although I am logged into my Connection Client. Can someone provide me a fix for this?

Does it have something to do with the update 5 of Staad.pro connect edition because this problem started after I updated it. Staad was working fine till I was using update 4.

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