It seems that you are experiencing the same problem that Wildfire has reported
above. Can you try another version of x264 (older
here, or another build
here or
here) ? Unfortunately, I can't reproduce the problem so I can't check myself.
Also, I note in your two logs "Fault Module Name: FRIMSource.dll", so the problem might be caused by FRIMSource as well. So, please try to set Settings -> MVC Decoder -> Use DGMVCSource and/or set the Hardware Acceleration to Disabled.
Thanks anyway for having reported the problem, and welcome to the Doom9 forum, viperlogic !