Initially it looks like there is some conflict between 32 bit and 64 bit software that is occurring. So to test, if you can go into your Engine Installation Directory (by default it is Program File\Epic Games) 4.10\Engine\Extras\Redist\en-us\ and run the UE4PrereqSetup_x86.exe file. This file will install 32bit VS2015 Redistributables which may solve the issue, let me know.
Eric Ketchum