Application Load Error 5:0000065434
The following methods are working to fix Application Load Error 5:0000065434 for Steam on Windows 10: The error shows up for many popular games including Skyrim, Oblivion, Bully, Morrowind, Vortex and some others too.
1] Copy the Steam executable file
Right-click on the desktop shortcut of Steam that you find on your Desktop and select Open file location. Copy the executable file for Steam and now navigate to the folder of the library of the games. It is usually in the location of Steam\SteamApps\Common. Paste the copied executable file inside that folder of the game.
2] Use the Command Prompt
Run Command Prompt as an Administrator and then execute this command: This will create a link between the executable file of Steam to the operating system. Restart your system after it says Operation completed successfully.
3] Use the Verify integrity of the game files features
Open Steam. Right-click on the entry for the game that is throwing this error in the LIbrary and select Properties. Navigate to the tab that says LOCAL FILES.
Select the button that reads as VERIFY INTEGRITY OF GAME FILES. Wait for the process to be done and then check if that has fixed your issues.
4] Delete the conflicting files
Open the Documents folder and look for the folder created by the game that is giving you the error mentioned above. It might be stored inside a folder that is labeled as My Games. Delete the folder and try running the game again. Check if that fixes your issues. Hope something helps.