D3D11CreateDevice: Flags (0x2) were specified which require the D3D11 SDK Layers for Windows 10, but they are not present on the system.
These flags must be removed, or the Windows 10 SDK must be installed.
Flags include: D3D11_CREATE_DEVICE_DEBUG
First-chance exception at 0x75283E28 in Application.exe: Microsoft C++ exception: _com_error at memory location 0x00C0E944.
Yep, you need to enable Graphics Toools:
DirectX SDK Debug Layer: For Windows 10 Technical Preview (9926 or later), you need to enable the debug layer as a Windows optional feature to successfully use D3D11_CREATE_DEBUG_DEVICE or the Visual Studio 2013 Graphics Diagnostics tools: Start -> Settings -> System -> Optional features -> Add a feature; select "Graphics Tools".