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MPC Essentials plugin error with GarageBand 10.2.0

When trying to launch Akai Pro MPC Essentials as a plugin on GarageBand I was receiving the following error, even though MPC Essentials was unlocked and ran normally when launched stand-alone.

This software must be unlocked before you can run it

After some Googling, I found a settings file needs to be copied because of reasons:

Tag: mpcessentials