I am not a lawyer, indeed, far from it, but I think the answer is yes. Check section b, about 6 lines down. Can be transfered to another computer that the seller does not own. But you must remove software from previous device.

I've also seen that software can be associated with the motherboard. So if you swap the motherboard out of your computer you have to buy a new license.

I guess if this buisness model works for Jolla, I can't fault them for that. Personally, I wish you could order the hardware (say, the xperia or what every device they can support) and software from Jolla and they install it for you so you just buy the finished product.