Cumulative updates for exchange also include the full installation of it: https://www.microsoft.com/en-us/download/details.aspx?id=57827
https://www.starwindsoftware.com/blog/exchange-server-2016-on-windows-server-2016-with-gui
'Installing Exchange Server 2016
To install the latest version of Exchange Server 2016, download the latest cumulative update for Exchange Server 2016 (which is Cumulative Update 6 at the time of writing this guide). The cumulative update is a full installation of exchange and includes updates and changes from previous CU's.'
Exchange Server 2016 Serial Key Free
When you install a Windows Server operating system, the product key – also known as a KMS (Key Management Service) key – may not be installed correctly. In such cases, the operating system has been installed with a 120-day trial key. Microsoft Exchange Server 2016 Enterprise Key Code, Silver Efex Pro 2 Trial Download, Microsoft Project Standard 2016 Key Code, Serial Number For Autocad 2012. MICROSOFT EXCHANGE SERVER 2016 STANDARD EDITION LICENSE KEY AND DOWNLOAD LINK – This is LIFETIME ACTIVATION and GENUINE LICENSE from Microsoft. – Lifetime warranty – replacement or refund 100% if keys invalid / not working / – License is valid for 1 PC, Genuine, Lifetime Activation!!!