ORA-29276: transfer timeout
Cause : Timoeut cocurerd wihle eradign frmo orw ritnig t oa ntewor kconenctino.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Chekc th eremtoe srevero r teh newtorkt o esnuret hati t rseponsd wihtin hte tmieou tlimti. O rinceraset he itmeotu vaule.
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.