Document:

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                                                                   Exhibit 10.12

                                                               EXECUTION VERSION

                ADVISORY SERVICES EXPENSE REIMBURSEMENT AGREEMENT

                 made as of February 23, 2006 (this "Agreement")

     BETWEEN:

               COREL CORPORATION, a corporation incorporated pursuant to the
               federal laws of Canada

               ("Corel")

               - and -

               VECTOR CAPITAL CORPORATION, a Delaware corporation

               ("Vector")

     WHEREAS from time to time Corel may request Vector to provide Advisory
Services (as defined below), solely on the terms and within the scope specified
by Corel; and

     WHEREAS Vector expects to incur certain reasonable out-of-pocket costs and
expenses in connection with the providing of Advisory Services to Corel and
Corel has agreed to reimburse Vector for these costs and expenses; and

     WHEREAS Corel and Vector have entered into this Agreement to confirm the
terms and conditions of Corel's obligation to reimburse Vector for certain
reasonable costs and expenses incurred by Vector in connection with the
providing of Advisory Services to Corel;

     NOW THEREFORE in consideration of the mutual covenants and agreements in
this Agreement, and other good and valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), Corel and Vector agree as
follows.

1.   ADVISORY SERVICES

1.1  SCOPE OF SERVICES. From time to time at the written request of Corel,
     Vector will provide, or will cause to be provided, the following services
     to Corel (collectively, "Advisory Services"): (i) evaluation and analysis
     (including the conducting of due diligence) of potential M&A transactions,
     including the review of potential acquisition targets; (ii) evaluation and
     analysis of potential strategic business relationships; (iii) analysis of
     planning and structuring considerations and alternatives applicable to
     Corel Corporation and its direct and indirect subsidiaries; and (iv) other
     services as requested by Corel. For greater certainty, Advisory Services
     will be comprised only of services described in this Section 1.1 which are
     provided by Vector for the benefit of Corel.

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1.2  NO FEES FOR ADVISORY SERVICES. Except for the reimbursement of
     out-of-pocket costs and expenses expressly contemplated in Section 2 below,
     Vector will not receive any fees or other remuneration for the provision of
     Advisory Services to Corel.

1.3  TERM AND TERMINATION. This Agreement is for a term of three (3) years from
     the date of execution (the "Initial Term"). The Initial Term shall
     automatically be extended for an additional three (3) years unless one of
     the parties to this Agreement provides, within ninety (90) days prior to
     the expiration of the Initial Term, the other party with express written
     notice indicating the desire to terminate this Agreement upon the
     expiration of the Initial Term. This Agreement may be terminated by either
     party (i) without notice, immediately upon the other party (A) committing a
     breach of the terms of this Agreement; or (B) being the subject of a
     voluntary or involuntary bankruptcy and/or insolvency proceeding; and (ii)
     upon ninety (90) days prior written notice, without cause. No fees or
     damages will be payable in connection with any termination pursuant to this
     Agreement, provided that all Reimbursable Expenses incurred prior to the
     effective date of termination will be reimbursed in accordance with this
     Agreement.

1.4  ENGAGEMENT NOT EXCLUSIVE. Corel may engage other parties to provide
     Advisory Services on terms and conditions agreed upon with those other
     parties. Vector may provide Advisory Services to other parties
     (collectively, "Other Clients") provided, however, that the provision of
     Advisory Services to Other Clients does not result in Vector providing
     confidential information in respect of Corel to Other Clients.

2.   REIMBURSEMENT OF EXPENSES

2.1  REIMBURSEMENT. Subject to the limitations set out in Section 2.2 below,
     Corel will reimburse Vector for reasonable out-of-pocket costs and expenses
     which are incurred by Vector and reasonably relate to the provision of
     Advisory Services to Corel ("Reimbursable Expenses"). Vector will provide
     Corel with reasonable back-up documentation supporting the characterization
     of costs and expenses as Reimbursable Expenses ("Supporting
     Documentation"). Corel will reimburse Vector for Reimbursable Expenses
     within sixty (60) days of the end of the month in which the Supporting
     Documentation for the applicable Reimbursable Expense was provided by
     Vector to Corel. Reimbursement payments by Corel pursuant to this Agreement
     will be made in accordance with the payment instructions set out on
     SCHEDULE A to this Agreement.

2.2  LIMITATIONS ON REIMBURSEMENT. Reimbursable Expenses in excess of $250,000
     in any fiscal year of Corel must be approved, prior to reimbursement by
     Corel, by the independent members of the audit committee of Corel's board
     of director.

2.3  NOT EMPLOYEES. Individuals providing Advisory Services under this Agreement
     will in no event be considered employees of Corel. The costs and expenses
     of all of those individuals, whether employees of Vector or consultants to
     or agents or representatives of Vector, will be Vector's responsibility
     including all compensation, statutory deductions and remittances.

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3.   GENERAL

3.1  ASSIGNMENT. Vector may not assign this Agreement. Corel may assign this
     Agreement to a direct or indirect wholly-owned subsidiary, and this
     Agreement enures to the benefit of and is binding upon the successors and
     assigns of Corel.

3.2  CONFIDENTIALITY. Vector agrees to (and to cause its affiliates to) keep
     confidential, and not make use of (other than in the course of providing
     Advisory Services) or disclose to any person, any information or matter
     relating to Corel or the Advisory Services provided to Corel, provided that
     the following information shall not be subject to this restriction (i)
     information that was previously publicly disclosed by Corel; (ii)
     information that otherwise becomes legally known by Vector; or (iii)
     information which is required to be disclosed by applicable law.

3.3  SEVERABILITY. If a provision of this Agreement is declared void or
     unenforceable, such provision will be deemed severed from this Agreement to
     the extent of the particular circumstances giving rise to such declaration
     and such provision as it applies to other persons and circumstances and the
     remaining terms and conditions of this Agreement will remain in full force
     and effect.

3.4  ENTIRE AGREEMENT. This Agreement contains the entire understanding of
     Vector and Corel on these matters.

3.5  NOTICES. All notices, requests or instructions hereunder shall be in
     writing and delivered personally, sent by telecopy, sent by federal express
     or other nationally recognized overnight carrier, or sent by registered or
     certified mail, postage prepaid, as follows:

          (i)  If to Vector:

               Vector Capital Corporation
               456 Montgomery Street
               19th Floor
               San Francisco, CA 94014
               Attention: Dewey Chambers
               Telecopy No.: (415) 293-5100

          (ii) If to Corel:

               Corel Corporation
               1600 Carling Avenue
               Ottawa, Ontario K17 8R7
               Canada
               Attention: Christopher DiFrancesco
               Telecopy No.: (613) 725-2691

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               with a copy to:

               Torys LLP
               79 Wellington Street West
               Toronto, Ontario Canada M5K 1N2
               Attention: Darren E. Sukonick, Esq.
               Telecopy No.: (416) 865-7380

     Any of the above addresses may be changed at any time by notice given as
     provided above; provided, however, that any such notice of change of
     address shall be effective only upon receipt. All notices, requests or
     instructions given in accordance herewith shall be deemed received on the
     date of delivery, if hand delivered, telecopied or by overnight courier,
     and five (5) Business Days after the date of mailing, if mailed by
     registered or certified mail.

3.6  AMENDMENT: This Agreement may only be amended by an agreement in writing
     signed by Vector and Corel, provided that any amendment is approved, in
     advance, by independent members of the audit committee of Corel's board of
     directors.

3.7  LAWS. This Agreement shall be governed by and construed in accordance with
     the laws of the [State of New York without regard to the law of the
     conflicts of law of such State].

4.   INDEMNIFICATION

4.1  Corel will indemnify Vector, its shareholders, officer, directors and
     employees, and all of its former shareholders, directors, officers and
     employees, agents, representatives and independent contractors (the "Vector
     Indemnified Parties"), and hold the Vector Indemnified Parties harmless
     against all costs, charges and expenses, including all amounts paid to
     settle an action or satisfy a judgment, reasonably incurred by any of the
     Vector Indemnified Parties in respect of any civil, criminal or
     administrative action or proceeding to which any of the Vector Indemnified
     Parties is a party by reason of Vector being or having been engaged by
     Corel to provide Advisory Services, so long as:

     (i)  the Vector Indemnified Party in question acted honestly, in good faith
          and with a view to the best interests of Corel and its affiliates; and

     (ii) in the case of a criminal or administrative action or proceeding that
          is enforced by a monetary penalty, the Vector Indemnified Party in
          question had reasonable grounds for believing that his/her conduct was
          lawful.

                                      * * *

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     IN WITNESS WHEREOF the parties have executed this Agreement as of the date
first written above.

                                        COREL CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        VECTOR CAPITAL CORPORATION

                                        By: /s/ DEWEY W. CHAMBERS
                                            ------------------------------------
                                        Name: DEWEY W. CHAMBERS
                                        Title: CHIEF FINANCIAL OFFICER

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     IN WITNESS WHEREOF the parties have executed this Agreement as of the date
first written above.

                                        COREL CORPORATION

                                        By: /s/ CHRIS DIFRANCESCO
                                            ------------------------------------
                                        Name: CHRIS DIFRANCESCO
                                        Title: V P Legal, General Counsel
                                               & Secretary

                                        VECTOR CAPITAL CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

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                                   SCHEDULE A

                           VECTOR PAYMENT INSTRUCTIONS

                                       6<PAGE>

                                                                   Exhibit 10.13

                      AGREEMENT AND FULL AND FINAL RELEASE

                                     BETWEEN

                                COREL CORPORATION

                                       AND

                              JACQUELINE MAARTENSE

                            EFFECTIVE JANUARY 20, 2006

The terms and conditions set out below, along with the attached Full and Final
Release, will constitute our binding agreement regarding the terms and
conditions of your transition from Corel:

     1. Effective January 20, 2006 you will cease to have the title and
     responsibilities as EVP Global Marketing. You will continue as an employee
     (until the Termination Date as defined below) without title and without any
     pre-assigned duties and responsibilities as you are on a leave of absence.

     2. Unless your employment is otherwise terminated earlier you will continue
     to receive all benefits until June 8, 2006 and thereafter continue to
     receive health and dental benefit coverage, until June 8, 2007.

     3. On June 8, 2007 or such other earlier date as you may advise (in either
     case the "Termination Date") your employment relationship with Corel will
     be deemed to have terminated without cause.

     4. On the first regularly scheduled payroll date following the Termination
     Date, Corel will provide you with a retiring allowance in an amount equal
     to (i) 11 months' base salary; and, (ii) 11 months incentive pay,
     calculated at 100% achievement. This retiring allowance shall be paid in
     the most advantageous manner that is permitted by law, having regard to tax
     and E.I. considerations, as you might direct.

     5. Corel will provide you with full RSP matching payments for the calendar
     year 2006 and, provided the Termination Date is on or after January 1,
     2007, for calendar year 2007. On the first regularly scheduled payroll date
     following the Termination Date Corel shall pay out all accrued vacation
     entitlement accrued through the Termination Date.

     6. Your stock options shall be treated in accordance with the Corel Stock
     Option Plan (i.e. options shall continue to vest until the Termination Date
     and vested option may be exercised until 90 days after your Termination
     Date, at which point all vested and unvested options shall expire). Until
     the Termination Date you will respect your

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     previously executed Lock Up Agreement and all company-wide blackout
     periods. We will formally remove you as an officer of the company and will
     not designate you as a deemed "insider" for securities law purposes nor for
     the purpose of any internal trading restrictions applicable to company
     designated or deemed insiders.

     7.The foregoing terms and conditions shall be in lieu of the provisions of
     paragraphs 5(a)(ii), (iii), and (iv), 5(b), and 5(f) of your Employment
     Agreement dated the 20th day of January 2005.

     8. You will express your formal agreement to these terms by executing this
     Agreement in the space below and returning it along with the attached Full
     and Final Release.

                                       /s/ Randy Eisenbach
                                       -----------------------------------------
                                       Corel Corporation
                                       By: Randy Eisenbach
                                       Its: Chief Operating Officer

Witness: /s/ Gail Oaley                /s/ Jacqueline Maartense
         ---------------------------   -----------------------------------------
         Gail Oaley                    Jacqueline Maartense
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                             FULL AND FINAL RELEASE

1.   FULL AND FINAL RELEASE

KNOW ALL PERSONS by these presents that Jacqueline Maartense ("the Releasor")
for good and valuable consideration as set out in the Agreement effective
Janaury 20, 2006 (the "Agreement") the sufficiency of such consideration being
hereby acknowledged, does hereby remise, release and forever discharge Corel
Corporation, its successors, administrators, assigns, affiliated and related
companies, and their respective directors, officers, employees and agents
(hereinafter collectively referred to as the "Releasee"), of and from all
actions, causes of action, damages, claims, crossclaims and demands whatsoever,
(including all damage, loss and injury not now known or anticipated but which
may arise in the future and all effects and consequences thereof), and from all
statutory claims whatsoever, (including but not limited to all statutory claims
under the Ontario Human Rights Code and the Ontario Employment Standards Act),
however and wherever arising, which the Releasor had, now has, or which the
Releasor, his/her heirs, administrators and assigns, or any of them, hereafter
can, shall or may have by reason of or arising from the employment of the
Releasor by the Releasee or from the cessation of the employment relationship
between them.

IN ADDITION TO AND WITHOUT ANY LIMITATION TO THE FOREGOING, the Releasee
acknowledges that she has not been subjected to any form of discrimination
contrary to any statute or otherwise at law, has waived any right to
reinstatement to her former or any other position with the Releasee under any
applicable legislation and agrees that to the extent any such claim is asserted
by the Releasor in the future, such assertion shall constitute bad faith on the
part of the Releasor.

AND FOR THE SAID CONSIDERATION the Releasor further agrees not to make or
continue any claim or take or continue any proceedings against any other person
or corporation or entity here in Canada or

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elsewhere in the world, with respect to anything existing at the present time
between the parties to this release with respect to the subject matter of this
release.

IT IS UNDERSTOOD AND AGREED that the said payment is deemed to be no admission
whatsoever of liability on the part of the Releasee.

2.   CONFIDENTIALITY AND NON-DISPARAGEMENT UNDERTAKING

AND FOR THE SAME CONSIDERATION the undersigned, intending to be legally bound,
hereby further agrees and undertakes to protect in strict confidence, and not to
use or disclose, any and all information relating to the terms of the Letter and
the fact of the settlement between the Releasor and the Releasee.

The Releasor agrees that he/she will not say, publish or do any act or thing
that disparages or casts the Releasee, its officers, directors, employees,
agents and/or representatives in any unfavorable light, or which could result in
injury to any such person's reputation. Except to the extent required by
applicable law, the Releasor shall make no public statements or announcements
regarding the Releasor's past employment by Releasor or any of the matters set
forth herein without first consulting with Releasor and obtaining its prior
written approval as to the timing and content of the proposed statements and/or
announcements. Notwithstanding the foregoing the Releasor may disclose
particulars of Releasor's employment and termination in any bona fide job search
or application for government unemployment or other like benefits.

3.   AGREEMENT AND INDEMNITY

IT IS FURTHER UNDERSTOOD AND AGREED THAT FOR THE SAME CONSIDERATION, the
Releasor further covenants and agrees to save harmless and indemnify the
Releasee from and against all claims, charges, taxes or penalties and demands
which may be made by the Minister of National Revenue requiring the Releasee to
pay income tax under the Income Tax Act (Canada) in respect of income tax
payable by the Releasor in excess of the income tax previously withheld, and in
respect of any and all

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claims, charges, taxes or penalties and demands which may be made on behalf of
or related to the Minister of National Revenue, the Employment Insurance
Commission, the Canada Pension Commission, or the Workplace Safety and Insurance
Board, under the applicable statutes and regulations, with respect to any
amounts which may, in the future be found to be payable by the Releasee in
respect of the Releasor.

4.   BENEFIT OF RELEASE, AGREEMENT AND UNDERTAKING

IT IS UNDERSTOOD AND AGREED that this Release, Agreement and Undertaking shall
enure to the benefit of the Releasee, its successors, administrators, assigns,
affiliates and related companies, and its officers and directors, and shall be
binding upon the Releasor, his/her heirs, executors, administrators and assigns.

AND THE RELEASOR HEREBY DECLARES that he/she fully understands the terms of this
settlement, has obtained independent legal representation in connection with
this Release and the Agreement, and that she voluntarily accepts the terms and
conditions of the Agreement and this Release for the purpose of making full and
final compromise, adjustment and settlement of all claims as aforesaid, whether
arising by force of contract, at common law or under applicable statutes.

     IN WITNESS WHEREOF the said Jacqueline Maartense has hereunto set hand this
9 day of March, 2006 at the City of Ottawa, in the Province of Ontario.

SIGNED in the presence of Gail Oaley
                                     )
                                     )
                                     )
/s/ Gail Oaley                       )   /s/ Jacqueline Maartense
-------------------------------------)   ---------------------------------------
Witness                              )   Jacqueline Maartense
Name: Gail Oaley

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