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Choose Register Later when prompted
Close the program, you'll get a 30 days left warning registration
Run Keygen.exe (disable your antivirus)
Choose Corel VideoStudio Pro X5 on keygen
Click Already Registered on the registration
Copy the serial from keygen to the dialog box, the phone corel button will be enable now, click that.
You'll get the installation code, type it to the Installation Code box on the keygen
Click Activation and you'll get the Activation Code, paste it to registration and continue
All is Done. Enjoy.....