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Event ID: 8206 Source: MSADC

Source
Level
Description
Couldn't find the password for the credential "<domain>\<user name>" in the LSA Private Data. If this problem persist after 15 minutes, try to reset the password in the Connection Agreement properties.
Comments
 
As per Microsoft: "This event could be seen when a particular connection agreement runs. It indicates that the password stored in the Local Security Authority (LSA) Private Data table was corrupted or could not be retrieved". See MSEX2K3DB for more details.
Verify exchange service account and password used in Active Director Connector.

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