MethodServer fails to start with error "Failed to get Flexera License Manager" in Windchill PDMLink

INFO  [NmActionService.initXml] com.ptc.netmarkets.util.misc.StandardNmActionService.xmlInit  - Started InitializeXML With stax Parsing
INFO  [main] wt.system.out  - Expecting an absolute path of the library: libFlxCore64.so.2016.08
ERROR [main] wt.licenseusage.licensing.PaidLicenseManager  - Failed to get Flexera License Manager. Flexera throw an error : 
 Internal error: Error in FNE protocol: PosixMutexImpl::PosixMutexImpl: Could not verify lockfile directory access rights: No such file or directory.
513 FATAL [main] wt.method.server  - MethodServerMain abort
java.lang.NullPointerException
	at wt.licenseusage.licensing.PaidLicenseManager.syncLocalLicenseCacheWithMaster(PaidLicenseManager.java:758)
	at wt.licenseusage.licensing.PaidLicenseManager.acquireAllLicenseFeatures(PaidLicenseManager.java:198)
	at wt.licenseusage.licensing.LicenseController.acquireLicenseFeatures(LicenseController.java:168)
	at wt.licenseusage.licensing.LicenseController.startLicenseController(LicenseController.java:142)
	at wt.licenseusage.licensing.StandardLicenseManagerService.performStartupProcess(StandardLicenseManagerService.java:124)
	at wt.services.StandardManager.startup(StandardManager.java:459)
	at wt.services.ManagerImplementation.startup(ManagerImplementation.java:363)
	at wt.services.DefaultStartupHandler.startup(DefaultStartupHandler.java:112)
	at wt.services.StandardManagerService.performStartupProcess(StandardManagerService.java:166)
	at wt.services.StandardManager.startup(StandardManager.java:459)
	at wt.services.StandardServicesHandler.start(StandardServicesHandler.java:44)
	at wt.method.MethodServerMain.run(MethodServerMain.java:603)
	at wt.method.MethodServerMain.main(MethodServerMain.java:373)
 FATAL [main] wt.method.server.shutdown  - Stopping services...
 INFO  [main] wt.method.server.shutdown.services  - All managers shut down.
 FATAL [main] wt.method.server.shutdown  - MethodServer stopped