Have you used the correct installation? For SharePoint 2010, use the ...2010.x64.msi
installation package. for SharePoint 2013 and later, use the ...2013.x64.msi
Is the server where LOGbinder is installed a server that is part of a SharePoint farm? Is it an application, web front end or central admin server?
If you go to File / Options and click on the link "SharePoint Farm Properties", are your SharePoint servers listed there?
Could you please right click in the exception under Details, click on Select All, then right click again and click on Copy, then paste that exception either here or into a private message to me.