PD10 / license key not working on new mac

Hello, my old macbook could not be repaired, so Apple gave me a new macbook pro with M1 chip in exchange. I have purchased a license key for Parallels Desktop10 years ago, but looks like this version cannot be installed on the new macbook. Testversion PD17 can be installed, but my key is not accepted. How can I get my single license working on the new computer? Can you help me with a new license key? How can I get a working PD installation on my macbook? Thanx for helping.

 

Hello, you need to purchase Parallels Desktop 17 upgrade license key to use Parallels on your M1 Mac.