Leap Bridge Concrete CONNECT Edition v21.01.00.22 | LBC library is not set or has invalid location

I am running into issues when I open LEAP Bridge Concrete CONNECT Edition v21.01.00.22.

I get an error stating "LBC library is not set or has invalid location".

When I browse to the Preferences tab, it appears that all of the paths to the different libraries are set correctly.

Please advise. Thanks,