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Solved by Sauron,
Will it honor my old key? Because I dont have a copy of it I am afraid that if I dont use auto-update and install from downloaded installer it will become free version.
Ah, then probably no, you'll need to buy it again. That's why it didn't update. If you're still in the period supported by your key, keep that version as it will still be updated and effective. If you have a lifetime key then it should work in the new version too.

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