EXHIBIT 10.3 REGISTRATION RIGHTS AGREEMENT This Registration Rights Agreement (this "AGREEMENT") is made and entered into as of October 12, 2006, by and among Patron Systems, Inc., a Delaware corporation (the "COMPANY"), Laidlaw & Co. (UK) Ltd. (the...Registration Rights Agreement • October 17th, 2006 • Patron Systems Inc • Services-prepackaged software • New York
X = Y(A-B) ------ A Where X = the number of shares of Common Stock to be issued to the Holder pursuant to this SECTION 1. Y = the number of shares of Common Stock purchasable under this Warrant or, if only a portion of this Warrant is being exercised,...Warrant Agreement • October 17th, 2006 • Patron Systems Inc • Services-prepackaged software • New York
