Upgrade from Cubase 8.5 to Cubase Pro 10

Before version 8, the top edition of Cubase (which is now called Cubase Pro) was just called Cubase. Steinberg only allow you to upgrade to the same or a higher edition of Cubase. What you are trying to do is, in effect, a downgrade from Pro to Artist.

You have bought an upgrade from an old version of Cubase Artist to Cubase 10 Artist - but you do not own Cubase Artist so the activation code will not apply. Check in eLicenser Control Center - if your existing licence is Cubase 6, you will need to buy an upgrade from Cubase 6 to Cubase 10 Pro.