Installing eqexam package for use with Sublime Text 2

Question

I am looking to utilize the eqexam package, yet even after putting the .sty files in my /usr/local/texlive/2012/texmf-dist/tex/latex directory with the appropriate /eqexam folder . I am still unable to compile the demo file that came with the package. I have included a MWE of the test file below.

I still get the error that eqexam.sty not found. I have searched all over the internet for a solution, but no one seems to be in agreement on the answers.

Running Mac OS X 10.6.8, originally used MacTex distribution with TexLive2012, but am now compiling with ST2 and Skim (which has worked wonders over texshop). I could list my suspicions, but that might be a waste of time. I also understand that this might not be enough information to problematize a solution, but I have hopes.

I suppose that there will not be a solution to this, but might there be better resources than the eqexam documentation and website that can take me through the complexities of the installation?

\documentclass[12pt]{article}
\usepackage{amsmath}
\usepackage{graphicx}
%\usepackage[coverpage,forcolorpaper,pointsonboth,totalsonright]{eqexam}
%\usepackage[forcolorpaper,pointsonleft,nosolutions]{eqexam}
% Note, to use this next line, your exerquiz must be up to date with the eqexam you are using
\usepackage[nosolutions,forcolorpaper,pointsonboth,totalsonright,noparttotals]{eqexam}

\title[T1]{Test 1}
\author{D. P. Story}
\subject[C1]{Calculus I}
\date{Spring \the\year}
\keywords{Test~1, Section 001}

\university
{%
      THE UNIVERSITY OF AKRON\\
    Theoretical and Applied Mathematics
}
\email{dpstory@uakron.edu}

\hfuzz = .7pt

\begin{document}
\maketitle


\begin{exam}[Part I.]{Part1}

\begin{instructions}[Part I.]
Solve each of the problems without error. If you make an error,
points will be subtracted from your total score.
\end{instructions}

\begin{problem}[5]
This is an example of a objective question, the student fills in
his/her response in the space below.

\begin{solution}[.5in]
The solution to the question. This solution will not appear when
the option \texttt{nosolutions} is specified. It will appear
immediately after the question with the \texttt{solutionsafter}
option, and appear at the end of the document if a solutions
option is not specified.
\end{solution}
\end{problem}


\begin{problem}[5]
An example of a fill-in question:
It is well known that \fillin{1in}{Newton} and
\fillin{1in}{Leibniz} are jointly credited as the founders of
modern calculus.

\begin{solution}
It is well known that \underbar{Newton} and \underbar{Leibniz} are
jointly credited as the founders of modern calculus.

\medskip\noindent\textbf{Notes.} Here the optional argument for
the \texttt{solution} environment is not specified, this implies
that no room should be left for the student to answer, seems
reasonable since this is a fill-in.
\end{solution}
\end{problem}

\end{document}