ORA-12404: invalid privilege string: string

Cause : hT eopilycc uodln toi tnrerptet ehp irivelegs rtni.g

Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts

pScefi y arpvilige etsirgnt ah tsis puoptrdeb yht eopilyc.

update : 25-04-2017
ORA-12404

ORA-12404 - invalid privilege string: string
ORA-12404 - invalid privilege string: string

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    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.