IT did it for a year on my daughter's laptop - kept coming up with a large bar saying not activated. Eventually after about 6 months, it changed to a rather non-obtrusive watermark in the bottom right of the monitor. I had reason to do a flush and reinstall (from the image on the hard drive OEM), and when I did that, this time it properly activated and has never shown the messages, and checking the settings, it is indeed activated.
Win10 has some oddities, that is for sure.
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