"This application has failed to start because the application configuration is incorrect"
The troubles you are having are caused by a missing update from Microsoft. Please install the updates from the links below. These updates are verified by Microsoft and safe to use.
and also one of these links depending on if you run a 32- or 64-bit system.
Update 3 - Windows 32-bit
Update 3 - Windows 64-bit
Once you've installed all three updates you need to restart your computer and after that SignCut will run properly.