cmder error during first install

I would like to use cmder on my Windows 7 machine.

I have downloaded the cmder zip file from: http://cmder.net/.

I then unzip the file and run cmder.exe and the following is the error I get:

can't create process, ErrCode=0x00000002, Description: The system cannot find the file specified.

Current directory: C:(directory path)\cmder

Command to be executed: cmd /k ""C:(directory path)\cmder\vendor\conemu-maximus5..\init.bat""

Press Enter or Esc to close console, or wait...

What does this error message mean and how can I resolve this.

Thank you.