Some times this problem arise when Application is build in one PC and try to run another PC. And also build the application with Visual Studio 2010.I have the following problem
Problem Description
Stop Working
Problem Signature
Problem Event Name: CLR20r3
Problem Signature 01: diagnosticcentermngr.exe
Problem Signature 02: 1.0.0.0
Problem Signature 03: 4f8c1772
Problem Signature 04: System.Drawing
Problem Signature 05: 2.0.0.0
Problem Signature 06: 4a275e83
Problem Signature 07: 7af
Problem Signature 08: 6c
Problem Signature 09: System.ArgumentException
OS Version: 6.1.7600.2.0.0.256.1
Locale ID: 1033
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Dont worry, Please check out following link and install .net framework 4.Although my application .net properties was .net framework 2.
http://www.microsoft.com/download/en/details.aspx?id=17718
restart your PC and try again.