Since the Hypervisor Free license is limited to 8 vCPU/virtual machine limit, you will need buy a license to be able to assign more than 8 vCPU to a virtual machine, this can be a Standard/Advanced/Enterprise or even a Essentials/Essentials Plus Kit. But like stated on previous comment, you will really need to use the 12 vCPU ? Try start using only 8 vCPU and if you application really demand more vCPU, you can buy the license.
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