ORA-38441: System could not derive the list of STORED and INDEXED attributes.
Cause : The attribute set was created without default index parameters.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Specify the default index parameters for the attribute set or include a valid PARAMETERS clause for the CREATE INDEX command.
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.