You are right. After reviewing the files again the whole setup looks like this is kind of "hand made". The Enterprise .vmx file points to the Ultimate VM (fileSearchPath) , but the Ultimate VM's folder also contains a .vmx file which is quite old (that's the one I mistakenly looked at earlier). I'd recommend to do some manual cleanup here and move all the VM's files into a single folder (package) to avoid confusion and possible issues in the future!?
André