TermExtract 2021 Initializing Error 101

After properly downloading and installing TermExtract 2021, it won't launch. (I use SDL-Trados Studio 2021 Freelance Plus)

A small window simply displays " Initializing Error 101".

After researching the problem, I made sure I have the latest Java build (8.0.3010.9) and that MSVCR71.DLL is present in C:\Program Files (x86)\SDL\SDL MultiTerm\MultiTerm16.

I can't find anything else that keeps TermExtract from launching.

What is the problem?