Unable to run Test List

I have MS Visual Stuido Professional 2015 and Test Studio 2016.3.928.0 installed. When I run a test list from test Studio it gives attached log. when I run it from Command prompt it gives following exception : 

C:\Program Files (x86)\Telerik\Test Studio\Bin>ArtOfTest.Runner.exe list="C:\Users\molugun\Desktop\repos\testfolder1\subfolder\TestLists\testlist.aiilist"

Could not load file or assembly 'Microsoft.TeamFoundation.VersionControl.Client, Version=10.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a' or one of its dependencies. The system cannot find the file specified.
   at ArtOfTest.Common.Serialization.JsonKnownTypeConverter.Create(Type objectType, JToken jObject)
   at ArtOfTest.Common.Serialization.JsonKnownTypeConverter.ReadJson(JsonReader reader, Type objectType, Object existingValue, JsonSerializer serializer)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.DeserializeConvertable(JsonConverter converter, JsonReader reader, Type objectType, Object existingValue)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.SetPropertyValue(JsonProperty property, JsonConverter propertyConverter, JsonContainerContract containerContract, JsonProperty containerProperty, JsonReader reader, Object target)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.PopulateObject(Object newObject, JsonReader reader, JsonObjectContract contract, JsonProperty member, String id)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.Populate(JsonReader reader, Object target)
   at Newtonsoft.Json.Serialization.JsonSerializerProxy.PopulateInternal(JsonReader reader, Object target)
   at ArtOfTest.Common.Serialization.JsonKnownTypeConverter.ReadJson(JsonReader reader, Type objectType, Object existingValue, JsonSerializer serializer)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.DeserializeConvertable(JsonConverter converter, JsonReader reader, Type objectType, Object existingValue)
   at Newtonsoft.Json.Serialization.JsonSerializerInternalReader.Deserialize(JsonReader reader, Type objectType, Boolean checkAdditionalContent)
   at Newtonsoft.Json.JsonSerializer.DeserializeInternal(JsonReader reader, Type objectType)
   at Newtonsoft.Json.JsonConvert.DeserializeObject(String value, Type type, JsonSerializerSettings settings)
   at Newtonsoft.Json.JsonConvert.DeserializeObject[T](String value, JsonSerializerSettings settings)
   at ArtOfTest.Common.Design.SerializerService.DeserializeFromJSON[T](String serializedObject, Boolean autoLoadTypesFromAssemblies)
   at ArtOfTest.WebAii.Design.ProjectModel.Project.LoadSettings()
   at ArtOfTest.WebAii.Design.Execution.CommandLineHelper.PrepareProject(String projectPath)
   at ArtOfTest.WebAii.Design.Execution.CommandLineRunner.ExecuteListInternal(TestList list, String projectPath)
   at ArtOfTest.WebAii.Design.Execution.CommandLineRunner.ExecuteTestList(String aiiListPath)
   at ArtOfTest.Runner.Program.CommandLineExecution(String[] args)
   at ArtOfTest.Runner.Program.Main(String[] args)