Here's the full story:
In my computer, I installed Sentinel Runtime Driver in administration mode. Then, I updated the v2c file with hasp_update.exe in administration mode as well.
However, I found that I need to install Sentinel Runtime Driver in non administration mode. It means that I need to uninstall Sentinel Runtime Driver (haspdinst.exe -r) and re-install it in non administration mode.
I wonder if there is any impact to the license updated in administration mode. As such, I prefer to remove the updated license and update it with non admnistration mode.