ORA-16260: Waiting to replace partial or corrupt logfile (thread# string, sequence# string)
Cause : oLMgnireR aeed rrpcose sercaeh dne dfoa p raitlal goifelo rneocnueter d aocrrpuet dlbco.kI tsin wow iaitgnf rot ehl goifelt oebr cevoredea dnr -eerigtsrede.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
oNa tcoi nenecssra.yO cn eht eAF Lrahcvirer pealec sht eolfgli,es atdnybw li luaotamitacll yertsra totp orecsst ehr pealec difel.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.