The registry key encryption is missing.  Follow these steps:
  1. Open Windows Explorer.
  2. Browse to the FundWare/7.x/Bin folder.
  3. Double-click on EncryptionUtility.exe.
  4. Enter the SA name and password.
  5. Click 'Set Registry Encyrptions'.
  6. Run convert.exe again.

NOTE:  The SA password must have only alphanumeric characters and cannot contain any special characters.