grace period first timer

Just to make sure I’m getting this right: I have a licence of HS2 which I activated 2 years ago; you are saying that if I upgrade today to H5 (which is indeed a new/different licence), my new and not yet activated H5 licence would not be eligible for the free upgrade to H6? In other terms, you are considering only considering the old HS2 activation date…
It doesn’t sound quite right since we are dealing with different licences…