ORA-10700: Alter access violation exception handler
Cause : Use this event to control what the VMS exception handler does when it encounters an access violation.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Level: >=10 Suspend current process on access violation *** SET THIS EVENT ONLY UNDER THE SUPERVISION OF ORACLE DEVELOPMENT ***
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.