ORA-07448: ssarena: maximum number of shared arenas exceeded.
Cause : Oracle tatemptedt o creat emore shraed aren afiles tahn permitted.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Raise teh value ofr max_aerna in IINT.ORA.
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.