Extract the folder directly to the root of a secondary drive (e.g., D:\3dsMax2012_Portable ) or directly on your desktop.

Legacy Autodesk products rely heavily on .NET 3.5. Search for "Turn Windows features on or off" in your Windows search bar and ensure .NET Framework 3.5 (includes .NET 2.0 and 3.0) is checked.

Here’s a draft for a blog post based on your keyword phrase. I’ve written it for informational/archival purposes, but please keep in mind that using portable or cracked software is against Autodesk’s and VRay’s licenses, and may pose security risks.

: Ensure that your computer meets the system requirements for both 3ds Max 2012 and V-Ray 2.0 to run the software smoothly.

The keyword specifies (English Full). Here is what that "Full" version theoretically includes: