Getting below list of error while creating new folder in vault.
Please help



[5/19/2008 6:40:49 PM] Version Check: This Vault client is version 4.0.5.15922
[5/19/2008 6:40:49 PM] Version Check: Your Vault server is version 4.0.5.15922
[5/19/2008 6:40:49 PM] Version Check: An error occurred when trying to retrieve version.xml file from the SourceGear website
[5/19/2008 6:41:30 PM] Preparing data to begin transaction
[5/19/2008 6:41:30 PM] Beginning transaction
[5/19/2008 6:41:30 PM] An error occurred while trying to begin a transaction.
[5/19/2008 6:41:30 PM] Transaction failed
[5/19/2008 6:41:30 PM] An exception was encountered during the transaction. Exception: Server was unable to process request. ---> Error in the application. at System.Web.Services.Protocols.SoapHttpClientProtocol.ReadResponse(SoapClientMessage message, WebResponse response, Stream responseStream, Boolean asyncCall)
at System.Web.Services.Protocols.SoapHttpClientProtocol.Invoke(String methodName, Object[] parameters)
at VaultClientNetLib.ClientService.VaultService.BeginTx(Int32 nRepID, String strComment, VaultRequestItem[]& requests, String& strTxID)
at VaultClientNetLib.VaultConnection.BeginTx(Int32 nRepID, VaultRequestItem[]& requests, String& strTxID, String comment)
at VaultClientOperationsLib.ClientInstance.Commit(ChangeSetItemColl givenItems, String strChangeSetComment, Boolean keepCheckedOut, Boolean removeLocalCopy, CommitType committype, VaultDateTime dateImport, Int32 nUserIDImport, Int64& nRevID, Int32[]& retBegEndTx)