LM-X licenses are text files, just like FlexNet/FLEXlm licenses. A typical LM-X license looks like the following example.
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FEATURE my_app \{ VENDOR = XFORMATION VERSION = 1.0 END = 2010-03-27 LICENSEE = "COMPANY_ABC" KEY = RNCLMCH561O4622J8JAA5U0EROSHD9RA22E5HOFEQSKVSTA5RO \ VGK7M5884EEI9V1PRB97BBAIH5AN4PU73LGUQDSDM \} |
LM-X has the same concept of features and vendors that FlexNet/FLEXlm does. However, the LM-X format is easier to understand, because everything is marked by specific keywords.
For more information about LM-X license files, see License files.