1- Install as Trial (no need to insert serial).

2- Use the batch file RemoveProtexis.cmd to remove Protexis service,

you may need to right click and execute as Administrator.
(Optional, but recommended -> less crap services running in your system).
3- Copy PsiKey.dll into applications folder, example:
C:\Program Files (x86)\Corel\CorelDRAW Graphics Suite X5\Programs\
DONE!
It was tested with CorelDRAW X5 in Windows XP SP3, Vista and Windows 7.
But ofcourse use it at your own risk!
DR15R22-7N8ALZW-UT4562R-SHCAZQN

Mohsen6558