First you verify your license issue the show version command at the prompt. When the output of the command pops up, check for this line: if security Contexts = 0 it means not licensed A value of 0 indicates that the ASA is not licensed for the Multiple Context mode.
When you convert from single mode to multiple mode, the security appliance converts the running configuration into two files: a new startup configuration that comprises the system configuration, and admin.cfg that comprises the admin context (in the root directory of the internal Flash memory). The original running configuration is saved as old_running.cfg (in the root directory of the internal Flash memory). The original startup configuration is not saved. The security appliance automatically adds an entry for the admin context to the system configuration with the name "admin."
To enable multiple mode, enter the following command:
hostname(config)# mode multiple
for more info;
http://www.cisco.com/en/US/docs/security/asa/asa70/configuration/guide/contexts.html#wp1081764