Nope, that wasn't it. When I launch through GameEx I get a black screen but the game does launch (Can hear it running). If you check running apps in Windows it shows that AAE is running. You can hit ESC and it brings you back to GameEx. Checked GameEx log files and it is launching AAE. Checked AAE and it is launching the game without errors. AAE logs show normal shutdown when you hit ESC too. Running AAE alone works fine.
Attached the ini files for both.