Starter.exe – .NET Framework Initialization Error

Hello,
I will really need help with this problem.
My friend borrowed me his laptop to finish some projects.
A few days ago big error message appears for program starter.exe This is not familiar to me, but I couldn’t find answer online for this.
Can someone please help me to fix this problem?
OS Windows 7
Thank you
Lance

Starter.exe – .NET Framework Initialization Error
To run this application, you first must install one of the following versions of the .NET Framework:
V4.0.30319
Contact your application publisher for instructions about obtaining the appropriate version of the .NET Framework.
OK
