Snapshot Pro is not creating/moving backups locally or to amazon s3 buckets

Snapshot pro is not creating backups and moving them to the S3 bucket at amazon.
I tried just backing up the database to rule out the timeout issues causes by large file sizes and amount. that didn't solve it. Additionally I tested backing up the database only (locally) on the server but then it displayed the error attached with red text.
Also did some search and saw that it was suggested to regenerate the S3 key pair, didn't work and obviously not relevant since it's not creating backups locally on the server.
I am also attaching a screenshot with how it starts but freezes on that screen and no archive is created or migrated to the bucket, please assist, thank you.