Document:

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                                                                   Exhibit 10.24

                                     [LOGO]

                                  CASTLE BRANDS

February 15, 2005

Mr. Patrick Rigney
Executive Vice President, Castle Brands Inc.
Managing Director, Castle Brands Spirits Group Limited
Victoria House
Haddington Road
Dublin 4
Ireland

Dear Pat:

Over the last several months, we have informally discussed the advisability of
your becoming a consultant to Castle Brands Inc. or its subsidiaries (the
"Company") to champion several important initiatives including the
identification of attractive agency brands and potential acquisitions. As we
have discussed, I am writing you this letter to address that move.

In consideration of the payment of one Euro to you by each of Castle Brands Inc.
and Castle Brands Spirits Group Limited, and the mutual covenants, the receipt
and sufficiency of which is acknowledged, we agree as follows in this letter
agreement.

We agree you will become a consultant to the Company on March 11, 2005 and to
your simultaneous resignation of your current management positions with the
Company and its subsidiaries. Your consultancy compensation will be E157,500 per
annum plus VAT (at the appropriate rate) to the extent that you are required to
charge VAT. You would be paid monthly by direct debit on the 15th of the month
to an account designated by you. You would continue on the Castle Brands Inc.'s
Board of Directors as a non-executive director, except as provided below, until
the earlier of December 31, 2005, or the initiation of the Company's initial
public offering or registration of its shares. We agree that you will resign
from the Boards of Directors of the subsidiaries on March 11, 2005.

The provisions of Clause 15 of your Service Agreement, dated December 1, 2003,
and your Non-Competition Deed, dated December 1, 2003, shall apply to the
consultancy and remain in effect through September 12, 2005, as if set forth
herein. Thereafter, the Non-Competition Deed shall be deemed null and void and
Clauses 15.2, 15.3.1 and 15.3.2 shall apply to the remainder of the consultancy.
In the event that you wish to accept employment or consulting assignments, or
engage in any activity, including, but not limited to, entering into competition
with the Company or its subsidiaries, you shall give one month's prior written
notice to the Company of your intention to accept such employment or consulting
assignments or engage in such activity. The Company may then request that you,
and on such request you shall, resign as a Director of the
<PAGE>
Mr. Patrick Rigney
February 15, 2005
Page 2

Company. Upon your resignation from the Board of Directors of the Company,
whether at the request of the Company or through your own volition, the
provisions of Clauses 15.3.1 and 15.3.2(b) shall no longer apply to you and you
shall be entitled to a payment of the remaining monthly consultancy payments
through June 9, 2006 or an accelerated single payment within ten (10) days of
resignation of E10,417 plus VAT, to the extent you are required to charge VAT,
times the remaining number of months through June 9, 2006 for which you had not
received payment.

Your options would continue to vest through the consulting period and absent a
default, you will be deemed to have accrued two years' vesting at the end of the
consultancy. The exercise period for your stock options would be extended to
December 1, 2008. All appropriate business expenses incurred in the course of
performing your duties under the consultancy will be reimbursed according to
Company policy upon presentation of required documentation. We are prepared to
reimburse you for up to E8,000 plus VAT (at the appropriate rate) of your legal
fees in connection with the consultancy.

Pursuant to the terms of the License Agreement, dated December 1, 2003, the
royalty payments paid to The Roaring Water Bay (Research and Development)
Company Limited shall not be affected by your consultancy. The Company warrants
that the royalty payments (maximum of E2,500 per month) payable under such
License Agreement shall be paid during the consultancy. The Company will
purchase your interest in such company on or before the termination of your
consultancy pursuant to the License Agreement, whereupon the royalty payments
paid to you by The Roaring Water Bay (Research and Development) Company Limited
shall cease.

For March, April and May, your focus will need to be transitioning your areas of
responsibility to David Phelan. Since Mr. Phelan will be responsible for the
2005 Plan, people currently reporting to you will report to Mr. Phelan as of
March 11, 2005. Starting June 10, 2005, and for the additional twelve months of
consultancy, your primary focus would be on identifying new opportunities and
markets for the Company, on an as agreed basis. Except as requested, the
consultancy would no longer be carried on from the Company's Dublin office. With
regard to this timing, we believe that it is important for any change of this
type to be completed promptly, so that the Company can transition effectively
prior to the launch of the proposed public offering, and so that we can start
building our pipeline of agency brands and acquisitions.

We understand that you would like to have the amounts due of the 5% Convertible
Subordinated Note, dated December 1, 2003, issued to you in the original
principal amount of E465,550 and the Subordinated Note, dated December 1, 2003,
issued to you in the original principal amount of E133,323 (the "Notes") paid as
quickly as possible. While the Company is under no obligation to do so, in the
spirit of cooperation we are prepared to pay off the Notes with the proceeds of
the public offering within one month after completion of the offering, which we
hope to complete later this year. Furthermore, even if we are not able to
complete such offering in 2005, we will pay off the outstanding balance of the
Notes in four quarterly installments in 2006, beginning January 1, 2006 and
ending December 1, 2006, provided we have entered into the Joint venture with
Gosling's, and the $10 million facility from Mellon HBV Alternative
<PAGE>
Mr. Patrick Rigney
February 15, 2005
Page 3

Strategies LLC (or a comparable facility) is available to us. We could
accelerate that schedule if the public offering were to be completed during
2006.

We will also use reasonable best efforts to facilitate the transfer of your
pension as promptly as practicable.

This letter agreement shall be governed by and construed in accordance with the
laws of Ireland ("Irish Matters"), except in the case of the aforesaid options
and 5% Convertible Subordinated Note, matters pertaining to which shall be
governed by Delaware and New York law ("U.S. Matters"), in each case exclusive
of choice of law or conflicts of law, rules, provisions, or principles.

The parties agree that the courts in the City of Dublin shall have jurisdiction
to hear and determine any suit, action or proceeding and to settle any dispute
between them, that may arise out of or in connection with Irish Matters and, for
such purposes, each irrevocably submits to the jurisdiction of such courts. Each
of the parties irrevocably and unconditionally waives, to the fullest extent
permitted by law, any objection that it may now or hereafter have to the laying
of venue of any actions, suits or proceedings brought in any court as provided
in the preceding sentence of this paragraph, and hereby further irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum.

The parties agree that the courts in New York, New York shall have jurisdiction
to hear and determine any suit, action or proceeding and to settle any dispute
between them, that may arise out of or in connection with U.S. Matters and, for
such purposes, each irrevocably submits to the jurisdiction of such courts. Each
of the parties irrevocably and unconditionally waives, to the fullest extent
permitted by law, any objection that it may now or hereafter have to the laying
of venue of any actions, suits or proceedings brought in any court as provided
in the preceding sentence of this paragraph, and hereby further irrevocably and
unconditionally waives and agrees not to plead or claim in any such court that
any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum.

If the Company determines to announce your resignation generally, the Company
and you will agree to a mutually agreeable text of such announcement.

While we can make no assurances with regard to your shares, if there is a good
opportunity for you to sell a portion of your shares, we will endeavor to help
you do so.

We look forward to working with you in this new relationship and are confident
that it will produce important new opportunities for Castle Brands. Please
indicate your acceptance of the terms hereof by signing and returning the
enclosed copy of this letter whereupon this letter agreement shall replace and
supersede the Service Agreement which will have no further force and effect and
the provisions regarding your tenure as officer and director of the Company and
subsidiaries under the Shareholders Agreement, dated December 1, 2003, shall no
longer pertain. While this letter agreement is viewed as binding by the parties,
we will also use our best
<PAGE>
Mr. Patrick Rigney
February 15, 2005
Page 4

endeavors to enter into a brief consultancy agreement between now and March 11,
2005, to specify more clearly the focus of the consultancy.

Very best regards,

Castle Brands Inc.                      Castle Brands Spirits Group Limited

By: /s/ Mark Andrews                    By: /s/ Matthew MacFarlane
    ---------------------------------       ------------------------------------
Name: Mark Andrews                      Name: Matthew MacFarlane
Title: Chairman and CEO                 Title: Chief Financial Officer

Accepted and agreed
as of the date first written above:

By: /s/ Patrick Rigney
    ---------------------------------
    Patrick Rigney<PAGE>
                                                                   Exhibit 10.25

                                     [LOGO]

                                  CASTLE BRANDS

August 4, 2005

Mr. David Phelan
Executive Vice President, Castle Brands Inc.
Managing Director, Castle Brands Spirits Group Limited
Victoria House
Haddington Road
Dublin 4
Ireland

Dear Dave:

Based on our letter agreement of August 4, 2005 (the "Agreement"), we have
mutually agreed that you will become a consultant to Castle Brands Inc. ("CBI"),
effective October 1, 2005, on the terms outlined in the accompanying Agreement.
This supplemental consulting agreement has been drafted to clarify several
items, at the request of our Irish Counsel.

1.   CONSULTING STATUS - As a consultant, you will no longer be an employee, as
     it relates to Irish tax, employment law or employment benefits.

2.   TAX RELEASE - As a consultant, you will assume the responsibility for any
     employment taxes, income taxes or other levies that may become due as a
     result of your consulting, but with the understanding that we will
     reimburse you for any VAT payments, to the extent that you are required to
     charge VAT.

3.   RELEASE - As a consultant, you accept payment under the Agreement, in full
     payment and satisfaction of all of your claims, rights and interests
     against CBI, its subsidiaries and affiliates, except for any vested
     benefits under any employment benefit plan(s) to which you may be entitled,
     and you hereby release and forever discharge CBI, its subsidiaries and
     affiliates and their respective past and present officers, directors,
     employees, representatives, agents, attorneys, successors and assigns from
     all claims and liabilities of any nature, including but not limited to all
     actions, causes of actions, suits, debts, sums of money, attorneys' fees,
     costs or other claims whatsoever, known or unknown, at law or in equity,
     that you now have or will ever have arising out of any event, action or
     inaction occurring prior to or on the effective date of the Agreement.
     Without limiting the generality of the foregoing, you specifically release
     and discharge any and all claims and causes of action arising from your
     employment at CBI arising out of all applicable Irish or United States laws
     and regulations.
<PAGE>
Mr. David Phelan
August 4, 2005
Page 2

We look forward to working with you in this new relationship. Please indicate
your acceptance of the terms hereof by signing and returning the enclosed copies
of the Agreement and this letter, which will become effective upon execution.

Very best regards,

Castle Brands Inc.                      Castle Brands Spirits Group Limited

By: /s/ Mark Andrews                    By: /s/ Matthew MacFarlane
    ---------------------------------   ----------------------------------------
Name: Mark Andrews                      Name: Mathew MacFarlane
Title: Chairman and CEO                 Title: Chief Financial Officer

Accepted and agreed
as of the date first written above:

/s/ David Phelan
-------------------------------------
David Phelan

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