Windows 10 System, needs prerequisites to run Unreal 4

Ran into the same problem with my Win10 Machine. I did get it to work in the same manner, however whenever I update the Engine it says it fails and the Launcher still shows me at 4.10.1. When I open my project though, the popup show 4.10.2 so if you run into this, it might actually update it, but the launcher reports as failed. I just ignore it for now.