Thanks for the reply Paul.
So this was the current setup:
Master: VEP7 Plugin. No license (still on 5)
Slave: VEP7 Server. With License.
I loaded the server perfectly fine and the plugin in my DAW connected to it as it should. However, it will not transmit midi, even though the server is recognizing it is receiving midi data. If I trigger notes on my slave computer, the audio is coming through in the DAW. For a quick fix, I just routed the audio from this borked VEP instance to an audio track and played along via my slave computer through Copperlan. (Janky, but it worked).
Based on your comment, I just purchase an addtional license of VEP7, so now it is:
Master: VEP7 With License
Slave: VEP7 With License
However, the problem still is not resolved. No midi, although it is registering events on the server, will trigger anything. Audio goes between the two systems perfectly fine. I'm afraid that I now just purchased an additional license that I do not need.