Need Help regarding theme activation

Warning: include_once(lib/theme-options/theme-options.php) [function.include-once]: failed to open stream: No such file or directory in D:\Softwares\xampp\htdocs\wordpress\wp-content\themes\chocotheme\functions.php on line 14

Warning: include_once() [function.include]: Failed opening ‘lib/theme-options/theme-options.php’ for inclusion (include_path=’.;D:\Softwares\xampp\php\pear\’) in D:\Softwares\xampp\htdocs\wordpress\wp-content\themes\chocotheme\functions.php on line 14

Fatal error: Class ‘wp_option’ not found in D:\Softwares\xampp\htdocs\wordpress\wp-content\themes\chocotheme\options\theme-options.php on line 15

I am getting this on clicking the theme activation link
whats this about?