Apr 15, 2020 - 09:20 AM
The only time you could license a single VM would be if the VM is running a client OS, Windows 10. In that case a System Center Configuration Manager Client Management License per OSE (operating system environment:} could be assigned to the VM, for use by any user. This license is not available in the Enterprise Agreement, but could be purchased through Open License, MPSA, etc.
Source: Microsoft Product Terms. April 2020