Strict warning: empty value in panels_renderer_ipe

Getting strict warning on local Acquia Dev Desktop install

-- Strict warning: Creating default object from empty value in panels_renderer_ipe->render_pane_content() (line 145 of C:Sites\commAlpha1\profiles\commons\modules\contrib\panels\panels_ipe\plugins\display_renderers\panels_renderer_ipe.class.php).

Similar issue in spark- http://drupal.org/node/1724380