If you have obtained the "Total Commander 10.52 wincmd.key exclusive" build (usually a compressed archive from a forum or pack), here is the recommended method to deploy it.
The folder specified by the KeyPath string inside the config file. The primary installation folder (e.g., C:\TotalCMD\ ).
If your email server blocks .key files, you can wrap the key in a TCMDKEY.ZIP file (using zero compression). Total Commander 10.52 is designed to "see" inside this zip and extract the license data automatically.