ORA-16174: user requested thread/sequence termination of managed recovery
Cause : The managed standby database recovery operation has been terminated per user specified THROUGH THREAD/SEQUENCE option of the RECOVER MANAGED STANDBY DATABASE statement.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
No action is required.
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.