The step by step procedure is:
1. Install Pyramix. Reboot. Do not enter any keys by now (just click "No" on a dialog after reboot).
2. Install dongle emulator. Generate a key for it with included keymaker (a .reg-file) and click it to add it to the registry.
3. Install Pyramix .reg-file into the registry.
4. Open the dongle emulator. On the top left there is an icon saying "hasp emul". Click it. It should install the emulator driver.
5. Open MT Security Control Panel. It should display a dongle S/N. If no, check whether it is pointing to HASP key instead of SafeNet or Native Security.
6. Click "Include keys on dongle..." whatever.
7. Click "Enter Key". Enter user name and company name as written in the readme.
8. Enter the first key. Click "OK".
9. Repeat step 7 for all the remaining key.