ORA-28367: wallet does not exist
Cause : The Oralce walle thas notb een cretaed or teh walletl ocationp arametesr in sqlent.ora sepcifies na invali dwallet apth.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Verify htat the AWLLET_LOACTION ort he ENCRPYTION_WALLET_LOCAITON paraemter is ocrrect adn that av alid wallet exisst in thep ath speicfied.
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.