ORA-06705: TLI Driver: remote node is unknown
Cause : TLI could not find your remote host information.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Make sure you specified the hostname correctly on the command line. (Also, check your capitalization and spelling.)
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.