There is a problem with the "Netbackup update.msi" when running on a machine with the BMR Boot Server software installed Check the following document
http://support.veritas.com/docs/297112
Please can you confirm if the msi path you provided here is 654 NBU "client patch" msi path.
Also please can you confirm if the BMR Boot server is equal or greater that 6.5.4 version?