Documentation states the following:
Only one license is required when two equal Agents (e.g. two Automic.Agents for Windows) run on one computer as long as they do not run in separate virtual partitions. Nevertheless, this does not apply for two different Agents (e.g. one Automic.Agent for SAP and one Automic.Agent for Windows running on the same computer).
Investigation
The documentation is accurate for a "Operating system agent" (i.e. Windows, Unix). This does not apply for a Peoplesoft license?
Solution
Each PeopleSoft Agent needs 1 License, independent on which computer it runs or to which PeopleSoft Instance (Application Server) it connects.