To build this framework, you first need to build a 32bit compatible version of Lua. Directions found here

After the 32bit version is installed and accessible via /usr/bin/env lua from WAX_ROOT/tools/framework run rake package. wax.framework should now be in WAX_ROOT/framework/wax.framework

Documentation on how to use the wax framework can be found here https://github.com/probablycorey/wax/wiki/Installation-framework