Warning says everything, Directory not found, Xcode is trying to get your framework from your old system.
Just go to Build Phases and search for "Framework" OR "iPhoneSimulator" (anything from the warning message). This will show you some search result, just delete that path.
If this didn't work, do this:
You need to do this:
- Click on your project (targets)
- Click on Build Settings
- Under Library Search Paths (or under Frameworks Search Path), delete the path.