Closed Issue: Cannot connect to O365 web site - The specified module could not be found. (Exception from HRESULT: 0x8007007E) [25181]

Cannot connect to O365 web site.
The error is:
- The specified module could not be found. (Exception from HRESULT: 0x8007007E)
Comments: Issue fixed by installing right set of assemblies (SDK), see referred discussion for more info.