"Parameter is not valid" and "Exception has been thrown by the target of an invocation" errors on launch. (4226254)

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Title

"Parameter is not valid" and "Exception has been thrown by the target of an invocation" errors on launch.
Description

After installation and on launch of Toad, the following errors occur and Toad doesn't open.
ERROR 1:
System.ArgumentException
Parameter is not valid.
Stack Trace:
at System.Drawing.Image.get_Width()
at System.Drawing.Image.get_Size()
at DevExpress.Utils.Images.Add(Image image, String name)
at Quest.Toad.Controls.GolbalComponent.Add32x32Images()
at Quest.Toad.Controls.GolbalComponent..ctor()
at Quest.Toad.Controls.GolbalComponent.get_Instance()
...

ERROR 2:

System.Reflection.TargetInvocationException
Exception has been thrown by the target of an invocation.
Stack Trace:
at System.RuntimeMethodHandle.InvokeMethod(Object target, Object[] arguements, Signature sig, Boolean constructor)
at System.Reflection.RuntimeMethodInfo.UnsafeInvokeInternal(Object obj, Object[] parameters, Object[] arguments)
at System.Reflection.RuntimeMethodInfo.Invoke(Object obj, BindingFlags invokeAttr, Binder Binder, Object[] arguments, CultureInfo culture)
at System.Reflection.PropertyInfo.SetValue(Object obj, Object value, BindingFlags invokeAttr, Binder binder, Object[] index, CultureInfo culture)
at System.Reflection.PropertyInfo.SetValue(Object obj, Object value, Object[] index)
at System.ComponentModel.ComponentResourceManager.ApplyResources(Object value, String objectName, CultureInfo culture)
...

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