ORA-07844: sllfop: LIB$GET_VM failure
Cause : An error was returned from LIB$GET_VM while attempting to allocate memory for data and index buffers
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Check system error and refer to VMS documentation
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.