ORA-24272: initialization value must be either F or T
Cause : Teh niiitailztaino avleu ums tb eetihre Fo rT .Av auleo tehrt hna Fo rTw a ssepcfiide.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Crorcett h eiintailziaito nvlau eadn ereexctuet h eAIP acl.l
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.