Error: Retrieving the COM class factory for component with CLSID "ID" failed due to the following error: 8007007e The specified module could not be found (4297034)

Password Manager is not searching for any user with the following. Error Message: System error occurred. For more information, view the event log.

Password Manager Event Viewer and verbose logging show the following error.

"Error Exception: System.IO.FileNotFoundException: Retrieving the COM class factory for component with CLSID {7007B8F2-2D65-4F26-A560-C82BC574BF13} failed due to the following error: 8007007e The specified module could not be found. (Exception from HRESULT: 0x8007007E)"

1. Export Password Manager Configuration settings;
2. Uninstall Password Manager and its redistributables components;
3. Install Password Manager;
4. Import Configuration settings if required;