I don't know how to add an attachment to my comment, but here it is...
IMPORTANT: After you save the converted project suite, you will be unable to open it in earlier versions of TestComplete or TestExecute.
Convert the project suite?
Your project suite is bound to source control. To convert the project suite, you may need to specify its location in the source control repository.. The default value: YES.
5/5/2015 00:41:29:671 Tried to open the Save Read-Only Storage dialog. The default value is wpcCancel.
5/5/2015 00:41:29:682 Tried to open the Save Read-Only Storage dialog. The default value is wpcCancel.
5/5/2015 00:41:29:683 Tried to open the error dialog. Message: Run failed. Error: the project was modified and cannot be saved..
5/5/2015 00:41:29:749 Tried to open the Save dialog. The default value: YES.
5/5/2015 00:41:29:749 Tried to open the Save Read-Only Storage dialog. The default value is wpcCancel.
5/5/2015 00:41:29:749 Tried to open the YES/NO dialog. Message: Do you want to close the Project Suite without saving changes?. The default value: YES.