How to Add More Than 4 CPUs on a Hyper-V Running on 2008 Standard

This is something I’ve run across in several forums while seeking out information about Hypervisor Virtualization. I thought I would run through how to increase the number of CPUs on a Hyper-V and break the 4 CPU (core) limit. The machine I’m using to demo this has 16 cores, so I’ve got the cores to spare with only a single Hyper-V running.