Document:

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                                                                   Exhibit 10.22

                              NON-COMPETITION DEED

This Non-Competition Deed is made as of the 1st day of DEC., 2003,

BETWEEN

1. GSRWB, INC a company incorporated in the State of Delaware, United States of
America ("GSRW")

AND

2. DAVID PHELAN of 17 Terenure Park, Terenure, Dublin 6 ("Mr Phelan").

WHEREAS:

A.   Pursuant to a Merger and Acquisition Agreement dated July 31, 2003 between
     The Roaring Water Bay Spirits Group Limited, The Roaring Water Bay
     Marketing and Sales Company Limited, Patrick Rigney, David Phelan, Carbery
     Milk Products Limited, Tanis Investments Limited, Great Spirits Company,
     LLC, Great Spirits Corp (the "Merger Agreement") inter alia Mr Phelan
     transferred his Shares in Roaring Water Bay Spirits Group Limited and
     Roaring Water Bay Spirits Marketing and Sales Company Limited to GSRW.

B.   Defined terms herein shall the meaning set out in the Merger Agreement,
     unless otherwise defined in this Deed. Mr. Phelan has entered into this
     Deed in connection with the Merger Agreement.

1    COVENANT NOT TO COMPETE OR SOLICIT

1.1  For a period of 2 years after the date of the Merger Agreement (the
     "Non-Competition Period"), Mr. Phelan shall not, without the prior written
     consent of GSRW, such consent not to be unreasonably withheld, directly or
     indirectly, as a consultant to, officer, director, independent contractor,
     shareholder or other owner or participant in any entity engage in the
     business of the sale and marketing of alcohol products competing directly
     with the products sold and marketed by RW and RW-UK as at the date of this
     Deed in Ireland and the United Kingdom.

1.2  During the Non-Competition Period, Mr. Phelan shall not directly or
     indirectly, solicit, encourage or take any other action which is intended
     to induce or encourage, or has the effect of inducing or encouraging any
     employee of RW or RW-UK to terminate his or her employment with RW or
     RW-UK.

1.3  Mr. Phelan acknowledges that it would be difficult to fully compensate GSRW
     for damages for any breach of this Agreement. Accordingly, Mr. Phelan
     specifically agrees that GSRW shall be entitled to temporary and injunctive
     relief to enforce the provisions of this Section and that such relief may
     be granted without the necessity to prove actual damages.
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2    MISCELLANEOUS

2.1  All notices or communication required or permitted under this Deed shall be
     made in writing and delivered personally to the other party or sent by
     certified or registered post, return receipt requested and postage prepaid
     or express courier with confirmation of delivery to the following addresses
     (or such other address for a party as shall have been specified by like
     notice):

     (a)  if to GSRW, to:

          GSRWB, Inc.
          Rego Park
          Suite G
          New York 11374
          U.S.A.

          Fax No: [_________________________________________]

     (b)  if to Mr. Phelan, to:

          17 Terenure Park
          Terenure
          Dublin 6W
          Ireland

          Fax No: [_________________________________________]

2.2  This Deed shall be construed under and governed by the laws of Ireland and
     the Courts of Ireland shall have exclusive jurisdiction to deal with all
     disputes arising from or touching upon this Agreement.

2.3  If any provision of this Deed is unenforceable or illegal, the remainder of
     this Deed shall remain in full force and effect. If any one or more
     provisions contained in this Deed shall for any reason be held to be
     excessively broad as to duration, geographical scope, activity or subject,
     such provisions shall be construed by limiting and reducing it so as to be
     enforceable to the extent compatible with existing law.

2.4  This Deed will not be assignable. Subject to the previous sentence, this
     Deed shall inure to the benefit of GSRW and its successors and assigns.

2.5  This Deed contains the entire agreement and understanding of the parties
     and supersedes all prior discussions, agreements and understandings
     relating to the subject matter hereof. This Deed may not be changed or
     modified, except by an agreement in writing executed by GSRW and Mr.
     Phelan.

2.6  The waiver of a breach of any term or provision of this Deed, which must be
     in writing, shall not operate as or be construed to be a waiver of any
     other previous or subsequent breach of this Deed.

                                       2
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2.7  This Deed may be executed in counterparts, and each counterpart shall have
     the same force and effect as an original and shall constitute an effective,
     binding agreement on the part of each of the undersigned.

IN WITNESS WHEREOF, the parties have duly executed this Deed as of the date and
year first above written.

                                       3
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EXECUTED AS A DEED BY AND BEHALF
OF GSRW BY:

                                        /s/ Mark Andrews
                                        ----------------------------------------
                                        Name: Mark Andrews
                                        Title: President

SIGNED, SEALED AND DELIVERED
BY MR PHELAN

                                        /s/ David D. Phelan
                                        ----------------------------------------
                                        Signature

                                        /s/ David D. Phelan
                                        ----------------------------------------
                                        Print Name

/s/ Philip O'Shea
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Witness

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Witness

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Witness

                                       4<PAGE>
                                                                   Exhibit 10.23

                                     [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:

We have informally discussed the advisability of your becoming a consultant to
Castle Brands Inc. (the "Company") to provide counsel on a number of
initiatives, including the expansion of our international markets and potential
acquisitions in Ireland and Europe. As we have discussed, I am writing you this
letter to address that move.

In consideration of the payment of one Euro to you, 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 October 1, 2005, for a
period of 18 months, and to your simultaneous resignation of your current
management positions with the Company and its subsidiaries and your
directorships of all the 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 will be paid monthly by direct debit on the 15th of
the month to an account designated by you. You will continue on the Company's
Board of Directors as a non-executive director, except as provided below, until
the earlier of September 30, 2005 or the initiation of the Company's initial
public offering.

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 March 31, 2006. Thereafter, the
Non-Competition Deed shall be deemed null and void and the provisions of Clause
15.3.1 of the Service Agreement shall apply to your activities during the
remainder of the consultancy. Notwithstanding such Clause, you will be permitted
to solicit employment or consulting agreements after March 31, 2006 and if you
wish to accept employment or consulting assignments, or engage in any activity,
after March 31, 2006, which would violate such provisions, you may request the
Company to consent to such proposed activity and continuation of the
consultancy. If such consent is not granted within twenty (20) days of written
request, you shall be deemed no longer subject to Clause 15.3.1 and shall be
entitled to payment of (a) the remaining monthly consultancy payments through
March 31, 2007 or (b) 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 March 31, 2007 for which you had
not received payment.
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Mr. David Phelan
August 4, 2005
Page 2

Your options would continue to vest through the consulting period and absent a
default, you will be deemed to have accrued three 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, subject to
reasonable review. We are prepared to reimburse you for up to E5,000 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 term of the consultancy, until such
time that your interest in such company is purchased. 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 the remainder of August and September, your focus as an officer of the
Company and certain subsidiaries will need to be transitioning your areas of
responsibility to Keith Bellinger and agreed managers in Dublin or Europe. Keith
will work with you to determine the most effective organization structure for
the international markets.

Starting October 1, 2005, and for an additional 18 months of consultancy
(through March 31, 2007), 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.

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 such payments would not create a default under
any of the Company's credit facilities. We could accelerate that schedule if the
public offering were to be completed during 2006.

We will also endeavor 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.
<PAGE>
Mr. David Phelan
August 4, 2005
Page 3

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 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 or 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 his 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 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. 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 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.

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 data first written above:
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Mr. David Phelan
August 4, 2005
Page 4

/s/ David Phelan
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David Phelan

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