According to CPU-Upgrade.com you need BIOS version 0210 to be compatible. If you have that or later and it is still not working, then I would ensure everything is seated correctly and all connectors (especially the two PSU to Motherboard power connectors) are snapped in securely. Rebuild the system from scratch if you have to.
Another step would be to power off and unplug the power supply, remove then replace the CMOS battery, or bridge the CMOS reset pins (refer to your motherboard instruction book on their location) using a plastic jumper plug provided by the motherboard or use a large flat head screw driver and touch it to the pins for about 10-15 seconds (there may be a small LED light that comes on while doing this).
Also, based on your original post, consider that one or more of your RAM sticks might be bad. Try putting them in one by one and booting the system if you have not already.
If all that does not work, then consider returning it as defective.
Someone else more versed in PC troubleshooting may chime in with other suggestions of course.
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