It seems that your helper VM is waiting for an IP - which by default should be provided by DHCP.
If you want need to provide a static to your VM, then you will have to set that IP during the conversion process.
Here is a screenshot of where that should be done.
Maish
VMware Communities Moderator
My Blog - @maishsk
Co-Author of VMware vSphere Design
Maish Saidel-Keesing • @maishsk • http://technodrone.blogspot.com • VMTN Moderator • vExpert • Co-author of VMware vSphere Design