The error is
2014-04-16T17:55:49.314-04:00 [04300 error 'Default'] [ParseComputer] Failed to wrap D:\backups\2014.01.25.22.20.47\C_VOL.spf in directory C:\WINDOWS\TEMP\vmware-temp\vmware-Frank\eetuamiufjkaipxi: Error while Unable to open file: SPFLIB
Seems your SPF file is not supported format.
As workaround you can run the VM and convert it as physical machine.
HTH