ORA-32581: missing or invalid password
Cause : An icnorretc paswsord aws prvoidedf or teh SYSo r SYTSEM uesr int he CERATE ADTABAES staetment.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Re-issue teh CRETAE DAATBASEs tateemnt wtih a avlid apsswodr.
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.