Legality questions (EULA issues...)

*** EDIT: This should actually go without saying, but if you aren't going to be constructive don't expect me to be at all respectful when calling you on it. Criticism is perfectly acceptable -- and will be respected -- but there is a HUGE difference between constructive criticism and a display of idiocy.
I apologize to the forum owner and his administrators, but apparently I've managed to anger other people with a simple request for information. ***

I apologize if this is confusing, but....

• Assuming the EULA of {App} uses the standard "one machine at a time" clause (can't remember it word perfect to quote), would portablizing {App} using the method everyone else uses here (i.e., essentially "{App} Portable" even if one can't call it that due to other section(s) of {App}'s EULA) be a violation of copyright law in and of itself? That is, would doing the above constitute criminal copyright infringement (a felony, which any sane person would agree is just asking to be thrown in prison....) assuming you either legally purchased (from the author or his appointed representative) the right to use {App} or that right is automatically assumed?
• Would UPIXing the above {App} be legal?

As to the first, I would like to assume that no violation would be occurring, since there is nothing in the "one machine at a time" clause (at least not that I can remember) that expressly obligates the end user to have the "one machine at a time" be the same machine every time. But I'm not sure if this assumption would be correct, and remaining out of prison is definitely to my benefit.

Regarding the second, I think I remember seeing something on that being "fair use" in another topic, but I just want to be sure my first question doesn't alter that part of the equation somehow (see preceding paragraph for my reason...).

EDIT: I cannot see how either of the above would fall under anything other than "fair use" ... due to simply being a creative way to use something that I am already permitted to use -- in a manner consistent with it's intent -- without access to a personal computer, and without pissing off anyone else. I don't even see where I could be required to ask the author's permission first -- I already HAVE his permission to use a copy of it. As for the UPIXing, it isn't like I'd be trying to create a derivative work or functionally modify it in any way -- It would simply be taking up less space.

DBL EDIT: Whoohoo! I now have myself a copy of the software license!
This License allows you to use the Software on more than one computer, provided there is no chance it will be used simultaneously on more than one computer.
...
The Software contains copyrighted material, trade secrets and other proprietary material and in order to protect them you may not decompile, reverse engineer, disassemble or otherwise reduce the Software to a human-perceivable form. You may not sublicense, modify, rent, lease, or create derivative works based upon the Software in whole or in part. You may not distribute the Software for profit in any form....

Thank you in advance for your time and consideration.