"Standard edition license will entitle you to run up to two VMs on up to two processors":
1. I purchased a new server and Windows 2012 STD open license. I installed Windows 2012 on the server and Added Hyper-V, then installed Windows 2012 on a vm guest. Am I compliant with licensing? So running two Windows server OS, one on host, one on guest using the single license purchased.
2. After #1, I create a second Hyper-v guest, then install Windows 2003 STD on it, this Windows 2003 STD has its own volume licenses. Now I run two VMs, one 2012 on host, one 2012 on guest, one 2003. Am I complaint?
3. After #2, I create two more Hyper-v guests with windows 2003 STD which have their own volume licenses. Now I run 4 VMs, one 2012 host, one 2012 vm, 3 2003 vms. Am I compliant?
4. After #3, I create one more Hyper-v guest, then convert one old HP Proliant server with Windows 2003 STD OEM, and put into the Hyper-v guest. I guess this is definitely it's not in compliance. What is the proper licensing practice to be in compliance? I heard some folks saying they contacted Microsoft and somehow were able to get converted OEM license activated, which I still think it's violating licensing term.