<SUBMISSION>
<ACCESSION-NUMBER>0001133796-08-000300
<TYPE>SC 13D
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20080915
<DATE-OF-FILING-DATE-CHANGE>20080915
<GROUP-MEMBERS>FURSA ALTERNATIVE STRATEGIES LLC
<GROUP-MEMBERS>FURSA CAPITAL PARTNERS LP
<GROUP-MEMBERS>FURSA MASTER GLOBAL EVENT DRIVEN FUND LP
<GROUP-MEMBERS>FURSA MASTER REDISCOVERED OPPORTUNITIES FUND LP
<GROUP-MEMBERS>WILLIAM F HARLEY III
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>Castle Brands Inc
<CIK>0001311538
<ASSIGNED-SIC>2080
<IRS-NUMBER>000000000
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D
<ACT>34
<FILE-NUMBER>005-82363
<FILM-NUMBER>081071680
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>570 LEXINGTON AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>570 LEXINGTON AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>FURSA SPV LLC
<CIK>0001358286
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>444 MERRICK ROAD
<STREET2>1ST FLOOR
<CITY>LYNBROOK
<STATE>NY
<ZIP>11563
<PHONE>(646) 205-6200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>444 MERRICK ROAD
<STREET2>1ST FLOOR
<CITY>LYNBROOK
<STATE>NY
<ZIP>11563
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>FURSA HBV SPV LLC
<DATE-CHANGED>20070213
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Mellon HBV SPV LLC
<DATE-CHANGED>20060404
</FORMER-COMPANY>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>cb80808.htm
<TEXT>
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<body>
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="20%" bordercolor="#000000" align="right">
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<td valign="bottom" align="center"><font face="Times New Roman" size="2"><b>OMB APPROVAL</b></font></td>
</tr>
<tr>
<td nowrap valign="bottom" align="left"><font face="Times New Roman" size="2">OMB Number: <br>Expires:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;February 28, 2009<br>Estimated
 average burden<br>hours per response&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;14.5</font></td>
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</div><br>
<p align="center"><font face="Times New Roman" size="2">UNITED STATES<br>SECURITIES
 AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</font></p>
<p align="center"><font face="Times New Roman" size="2">SCHEDULE 13D</font></p>
<p align="center"><font face="Times New Roman" size="2">Under the Securities Exchange
 Act of 1934</font></p>
<div align="center"><font face="Times New Roman" size="2">Castle Brands Inc.</font></div>
<div><hr size="1" color="#000000" noshade width="70%" align="center"></div>
<div align="center"><font face="Times New Roman" size="2">(Name of Issuer)</font></div>

<div align="center"><font face="Times New Roman" size="2"><br>Common Stock, $0.01 par value</font></div>
<div><hr size="1" color="#000000" noshade width="70%" align="center"></div>
<div align="center"><font face="Times New Roman" size="2">(Title of Class of Securities)</font></div>



<div align="center"><font face="Times New Roman" size="2"><br>14835100</font></div>
<div><hr size="1" color="#000000" noshade width="70%" align="center"></div>
<div align="center"><font face="Times New Roman" size="2">(CUSIP Number)</font></div>



<div align="center"><font face="Times New Roman" size="2"><br>Fursa SPV LLC<br>
49 West Merrick Road<br>
Ste. 202<br>
Freeport, NY 11520<br>
(646) 205-6200</font></div>
<div><hr size="1" color="#000000" noshade width="70%" align="center"></div>
<div align="center"><font face="Times New Roman" size="2">(Name, Address and Telephone Number of Person<br>
Authorized to Receive Notices and Communications)</font></div>

<p align="center"><font face="Times New Roman" size="2">Copies to:</font></p>
<div align="center"><font face="Times New Roman" size="2">Jonathan P. Gill<br>
Bracewell &#038; Giuliani LLP<br>
1177 Avenue of the Americas, 19th Floor<br>
New York, NY 10036-2714<br>
212-508-6110<br><br>
September 5, 2008</font></div>
<div><hr size="1" color="#000000" noshade width="70%" align="center"></div>
<div align="center"><font face="Times New Roman" size="2">(Date of Event which Requires Filing of this Statement)</font></div>


<p align="justify"><font face="Times New Roman" size="2">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is
the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167;240.13d-1(e), 240.13d-1(f)
or 240.13d-1(g), check the following box:</font> <font face="wingdings" size="2">x</font><font face="Times New Roman" size="2"><br><br>
<b>Note:</b> Schedules filed in paper format shall include a signed original and five copies of the schedule,
including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.<br><br>
* The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.<br><br>
The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the
purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</font></p>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 1
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>Fursa SPV LLC</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IA</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>
</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 2
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>Fursa Master Rediscovered Opportunities Fund LP</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IA</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>

</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 3
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>Fursa Master Global Event Driven Fund LP</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IA</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>

</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 4
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>Fursa Capital Partners LP</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IA</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>

</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 5
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>Fursa Alternative Strategies LLC</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>Delaware</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IA</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>

</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<div style="height:10px">
<table border="1" cellpadding="0" cellspacing="0" width="38%" bordercolor="#000000" align="left">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>CUSIP No.&#160;&#160;&#160;</b>14835100</font></td>
</tr>
</table>
<table border="1" cellpadding="0" cellspacing="0" width="24%" bordercolor="#000000" align="right">
<tr>
<td valign="bottom" align="left"><font face="Times New Roman" size="2"><b>Page 6
 of 10 Pages</b></font></td>
</tr>
</table>
</div>
<table border="1" cellpadding="0" cellspacing="0" width="100%" bordercolor="#000000">
<tr>
<td width="6%" valign="top" align="center"><font face="Times New Roman" size="2"><b>1</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
NAME OF REPORTING PERSON<br>William F. Harley</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>2</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
(a)&#160;</font><font face="wingdings" size="3">o</font><br><font face="Times New Roman" size="2">
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(b)&#160;</font><font face="wingdings" size="3">o</font></td>
</tr>
<tr height="35px;">
<td valign="top" align="center"><div style="margin-bottom:20px"><font face="Times New Roman" size="2"><b>3<br></b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SEC USE ONLY</font></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>4</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
SOURCE OF FUNDS <br>WC</font></td>
</tr>
<tr>
<td valign="top" align="center"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2"><b>5</b></font></div></td>
<td valign="top" colspan="3" align="left"><div style="margin-bottom:20px;"><font face="Times New Roman" size="2">
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
<br></font></div></td>
</tr>
<tr>
<td valign="top" align="center"><font face="Times New Roman" size="2"><b>6</b></font></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CITIZENSHIP OR PLACE OF ORGANIZATION<br>United States of America</font></td>
</tr>
<tr height="50px;">
<td valign="middle" colspan="2" rowspan="4" align="center"><font face="Times New Roman" size="2">NUMBER OF<br>SHARES<br>BENEFICIALLY<br>OWNED BY<br>EACH<br>REPORTING<br>PERSON WITH</font></td>
<td width="6%" valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>7</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE VOTING
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>8</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED VOTING
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>9</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SOLE DISPOSITIVE
 POWER<br>-0-</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>10</b></font></div></td>
<td valign="top" align="left"><font face="Times New Roman" size="2">SHARED DISPOSITIVE
 POWER<br>2,292,599*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>11</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>2,259,715*</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>12</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN<br>SHARES (SEE INSTRUCTIONS) **<br>
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font face="wingdings" size="3">x</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>13</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>14.7%</font></td>
</tr>
<tr height="50px;">
<td valign="top" align="center"><div style="margin-bottom:30px"><font face="Times New Roman" size="2"><b>14</b></font></div></td>
<td valign="top" colspan="3" align="left"><font face="Times New Roman" size="2">
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IN</font></td>
</tr>
</table><br><br>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="4%" valign="top" align="left"></td>

<td valign="top"><p align="justify"><font face="Times New Roman"
size="2">*&#160;&#160;&#160;Consists of 1,197,005 shares of Common Stock, 827,586 shares of Common
Stock issuable upon the conversion of 6% Subordinated Notes, convertible at $7.25 per share, and
Warrants to purchase 268,008 shares of Common Stock at an exercise price of $6.57 acquired in a private
placement transaction on May 8, 2007.<br><br> **&#160;&#160;&#160;Beneficial ownership reflected
above excludes 102,819 shares of Common Stock held for the benefit of a managed account.
</font></p></td>
</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<p align="center"><font face="Times New Roman" size="2"><b>STATEMENT PURSUANT TO
 RULE 13d-1<br>OF THE GENERAL RULES AND REGULATIONS UNDER THE<br>SECURITIES AND EXCHANGE
 ACT OF 1934</b></font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Introduction</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">This Schedule 13D Statement (this &#147;<b>Statement</b>&#148;) is filed on behalf of (i) Fursa SPV LLC, a Delaware limited liability company
 (the &#147;<b>Investor</b>&#148;), (ii)&#160;Fursa Master Rediscovered Opportunities Fund
 LP, a Delaware limited partnership (&#147;<b>Fursa Master Rediscovered</b>&#148;), (iii) Fursa
 Master Global Event Driven Fund LP, a Delaware limited partnership (&#147;<b>Fursa Master
 Global</b>&#148;), (iv) Fursa Capital Partners LP, a Delaware limited partnership (&#147;<b>Fursa Capital Partners</b>&#148;), (v) Fursa Alternative Strategies LLC, a Delaware limited
 liability company (&#147;<b>Fursa Alternative</b>&#148;), by virtue of its investment authority
 over securities held by the Investor and (vi) William F. Harley, as a holder of
 100% of the membership&#160;interests of Fursa Alternative. The Investor, Fursa
 Master Rediscovered, Fursa Master Global, Fursa Alternative&#160;and William F.
 Harley are collectively referred to in this Statement as the &#147;<b>Reporting Persons</b>&#148; and each is a &#147;<b>Reporting Person</b>&#148;. The purpose of this Statement is to
 disclose that the Investor may be deemed to hold 2,292,599 shares (on an as-converted
 basis) of common stock, par value $0.01 per share (the &#147;<b>Common Stock</b>&#148;) of
 the Issuer for the purpose of influencing the control of the Issuer, as a result
 of the Investor exercising its right under Section 12 of the Amended and Restated
 Convertible Note Purchase Agreement, dated as of August 16, 2005, by and among the
 Issuer and the Investor (the &#147;<b>Note Purchase Agreement</b>&#148;) (which is filed herewith
 as Exhibit 2 and is incorporated by reference herein), to designate a representative
 to the Issuer&#146;s Board of Directors (the &#147;<b>Board</b>&#148;) to attend meetings
 of the Board as an observer, and to receive proper notice of such meetings, copies
 of all proposed actions by written consent of the Board and all materials provided
 to members of the Board in connection with the matters to be discussed at such meetings.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 1.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Security and the Issuer</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">The name of the Issuer is Castle Brands
 Inc. The class of equity securities to which this Statement on Schedule 13D relates
 is the Common Stock. The Issuer&#146;s principal executive offices are located at
 570 Lexington Ave., 29th Floor, New York, New York 10022.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 2.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Identity and Background</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">The address of the principal office of each
 Reporting Person is:</font></p>
<p align="left" style="margin-left:30px;"><font face="Times New Roman" size="2">c/o Fursa
 Alternative Strategies LLC<br>49 West Merrick Road, Ste. 202<br>Freeport, NY 11520</font></p>
<p align="justify"><font face="Times New Roman" size="2">(i) The Investor is a limited liability
 company organized under the laws of Delaware. The principal business of the Investor
 is to invest in equity and debt securities.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(ii) Fursa Master Rediscovered is a limited
 partnership organized under the laws of Delaware.</font></p>
<br clear="all" style="page-break-before:always;">
<!--page-->
<p align="justify"><font face="Times New Roman" size="2">The principal business of Fursa Master Rediscovered
 is to invest in equity and debt securities.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(iii) Fursa Master Global is a limited partnership
 organized under the laws of Delaware. The principal business of Fursa Master Global
 is to invest in equity and debt securities.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(iv) Fursa Capital Partners is a limited
 partnership organized under the laws of Delaware. The principal business of Fursa
 Capital Partners is to invest in equity and debt securities.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(v) Fursa Alternative is a limited liability
 company organized under the laws of Delaware. The principal business of Fursa Alternative
 is to serve as investment adviser to, and to be the general partner of, Fursa Master
 Rediscovered, Fursa Master Global and Fursa Capital Partners.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(vi) William F. Harley is the holder of
 100% of the membership interests of Fursa Alternative. William F. Harley&#146;s
 principal occupation is acting as Chief Investment Officer of Fursa Alternative.
 William F. Harley is a citizen of the United States of America.</font></p>
<p align="justify"><font face="Times New Roman" size="2">(viii) In the past five years, no Reporting
 Person has been (a) convicted in a criminal proceeding (other than traffic violations
 or similar misdemeanors) or (b) party to a civil proceeding of a judicial or administrative
 body of competent jurisdiction in which it was or is subject to a judgment, decree
 or final order enjoining future violations of, or prohibiting or mandating activities
 subject to, federal or state securities laws nor has it been found to have violated
 such laws.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 3.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Source and Amount of
 Funds or Other Consideration</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">The funds necessary for the Investor to
 purchase the securities referenced herein were obtained from cash on hand of the
 Investor.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 4.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Purpose of Transaction</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">The information set forth in the Introduction
 hereof is hereby incorporated by reference into this Item 4. The Reporting Persons
 intend to continuously evaluate the Issuer&#146;s businesses and prospects, alternative
 investment opportunities and all other factors deemed relevant in determining whether
 additional Common Stock (or Common Stock equivalents) will be acquired by the Reporting
 Persons. In addition, additional Common Stock (or Common Stock equivalents) may
 be acquired or some or all of any securities of the Issuer beneficially owned by
 the Investor may be sold, in either case in the open market, in privately negotiated
 transactions or otherwise. Except as otherwise disclosed herein, the Reporting Persons
 do not currently have any agreements, beneficially or otherwise, which would be
 related to or would result in any of the matters described in Items 4(a) - (j) of
 Schedule 13D; however, as part of the ongoing evaluation of this investment and
 investment alternatives, the Reporting Persons may consider such matters, and, subject
 to applicable law, may formulate a plan with respect to such matters, and, from
 time to time, the Reporting Persons may hold discussions with or make formal proposals
 to management or the board of directors of the Issuer, other shareholders of the
 Issuer or other third parties regarding such matters.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 5.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Interest in Securities
 of the Issuer</b></font></p>
<br clear="all" style="page-break-before:always;">
<!--page-->
<p align="justify" style="text-indent:30px;"><font face="Times New Roman" size="2">(a) &#150; (b) As
 of the date of the filing of this Statement, the Reporting Persons beneficially
 own, and the Investor is the record holder of, 1,197,005 shares of Common Stock,
 827,586 shares of Common Stock issuable upon the conversion of 6% Subordinated Notes,
 convertible at $7.25 per share, and warrants to purchase 268,008 shares of Common
 Stock at an exercise price of $6.57 per share acquired in a private placement consummated
 in May, 2007 having the terms contained in the Form of Warrant to Purchase Common
 Stock (the &#147;<b>Warrant</b>&#148;), which is filed herewith as Exhibit 3 and is incorporated
 by reference herein. In addition, the Reporting Persons share voting power and dispositive
 power with respect to such 2,292,599 shares of Common Stock (on an as-converted
 basis).</font></p>
<p align="justify" style="text-indent:30px;"><font face="Times New Roman" size="2">(c) Except
 as disclosed in this Statement, none of the Reporting Persons has effected any transaction
 in Common Stock during the past 60 days.</font></p>
<p align="justify" style="text-indent:30px;"><font face="Times New Roman" size="2">(d) Not applicable.</font></p>
<p align="justify" style="text-indent:30px;"><font face="Times New Roman" size="2">(e) Not applicable.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 6.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Contracts, Arrangements,
 Understandings or Relationships with Respect to Securities of the Issuer</b></font></p>
<p align="justify"><font face="Times New Roman" size="2">As described in the Introduction, the Investor
 exercised its right, pursuant to Section 12 of the Note Purchase Agreement, to designate
 in writing a representative to the Board. Such representative has the right to attend
 meetings of the Board as an observer, and is entitled to receive proper notice of
 such meetings, copies of all proposed actions by written consent of the Board and
 all materials provided to members of the Board in connection with the matters to
 be discussed at such meetings.</font></p>
<p align="justify"><font face="Times New Roman" size="2">The above summary of the Note Purchase Agreement
 does not purport to be complete and is qualified in its entirety by the full text
 of such agreement, which is filed herewith as Exhibit 2 and is incorporated by reference
 herein.</font></p>
<p align="justify"><font face="Times New Roman" size="2">As described in Item 5, the Investor acquired
 warrants to purchase 268,008 shares of Common Stock in a private placement having
 the terms contained in the Warrant. The warrants are generally exercisable for 5
 years from the close of the private placement and have an exercise price of $6.57
 per share. The warrants contain anti-dilution protection for stock splits and similar
 events, but do not contain any price-based anti-dilution adjustments.</font></p>
<p align="justify"><font face="Times New Roman" size="2">The above summary of the Warrant does not
 purport to be complete and is qualified in its entirety by the full text of the
 Warrant, which is filed herewith as Exhibit 3 and is incorporated by reference herein.</font></p>
<p align="justify"><font face="Times New Roman" size="2"><b>Item 7.</b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<b>Material to be filed
 as Exhibits</b></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td width="10%" valign="bottom" align="left"><font face="Times New Roman" size="2">Exhibit 1</font></td>
<td width="1%"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><font face="Times New Roman" size="2">Agreement
 as to Joint Filing of Schedule 13D.</font></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td valign="top" align="left"><font face="Times New Roman" size="2">Exhibit 2</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><div align="justify"><font face="Times New Roman" size="2">Amended and
 Restated Convertible Note Purchase Agreement, dated as of August 16, 2005, by and
 among the Issuer and the Investor (incorporated herein by reference to Exhibit 10.13
 to the Issuer&#146;s Registration Statement on Form S-1 (File</font></div></td>
</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><div align="justify"><font face="Times New Roman" size="2">No. 333-128676),
 filed with the Securities and Exchange Commission on September 29, 2005).</font></div></td>
</tr>
<tr>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td align="left"><font face="Times New Roman" size="1">&#160;</font></td>
<td><font face="Times New Roman" size="1">&#160;</font></td>
</tr>
<tr>
<td width="10%" valign="top" align="left"><font face="Times New Roman" size="2">Exhibit 3</font></td>
<td width="1%"><font face="Times New Roman" size="1">&#160;</font></td>
<td valign="bottom" align="left"><div align="justify"><font face="Times New Roman" size="2">Form of Warrant
 to be issued by the Issuer to the investors in connection with the April, 2007 private
 offering (incorporated herein by reference to Exhibit 10.3 to the Issuer&#146;s
 Current Report on Form 8-K (File No. 001-32849), filed with the Securities and Exchange
 Commission on April 20, 2007).</font></div></td>
</tr>
</table>
<br clear="all" style="page-break-before:always;">
<!--page-->
<p align="center"><b><font style="FONT-WEIGHT: normal">SIGNATURES</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">Dated: September 15, 2008</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="850" border="0">
            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA SPV LLC<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III<br>
                    Title: Chief Investment Officer of Fursa Alternative Strategies LLC, as Managing Member of Fursa SPV LLC</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA MASTER REDISCOVERED OPPORTUNITIES FUND LP<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA MASTER GLOBAL EVENT DRIVEN FUND LP<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA CAPITAL PARTNERS LP<br>
                    &nbsp;<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp; &nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA ALTERNATIVE STRATEGIES LLC<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp; &nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III<br>
                    Title: Chief Investment Officer of Fursa Alternative Strategies LLC, as Managing Member of Fursa SPV LLC</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">WILLIAM F. HARLEY, III<br>
                    &nbsp;<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp; &nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                    </p>
                </td>
            </tr>
        </table>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>cb80808_ex1.htm
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-SIZE: 12pt; FONT-FAMILY: 'TIMES NEW ROMAN'">
        <p></p>

        <p></p>

        <p></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">Exhibit 1</p>

        <p></p>

        <p align="center">JOINT FILING AGREEMENT</p>

        <p><br>
        </p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned Reporting Persons hereby agrees to the joint filing, along with all other such Reporting Persons, on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value
        $.01 per share of Castle Brands Inc., and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.</p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of this 15th day of September, 2008.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><br>
        &nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="850" border="0">
            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p>FURSA SPV LLC<br>
                    By: &nbsp;&nbsp;<u>/s/</u><u>&nbsp;William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
                    </u> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: William F. Harley, III<br>
                    &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; Title: Chief Investment Officer of<br>
                    &nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp;Fursa Alternative Strategies LLC, as<br>
                    &nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;Managing Member of Fursa SPV LLC</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: black 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA MASTER REDISCOVERED OPPORTUNITIES FUND LP<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA MASTER GLOBAL EVENT DRIVEN FUND LP<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp; &nbsp;<u>/s/ William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA CAPITAL PARTNERS LP<br>
                    &nbsp;<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III</p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: President and CIO</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: black 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">FURSA ALTERNATIVE STRATEGIES LLC<br>
                    &nbsp;<br>
                    By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in" align="left">Name: William F. Harley, III<br>
                    Title: Chief Investment Officer of Fursa Alternative Strategies LLC, as Managing Member of Fursa SPV LLC</p>
                </td>

                <td style="BORDER-RIGHT: black 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: black 0.5pt solid" valign="top" width="295">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">WILLIAM F. HARLEY, III<br>
                    &nbsp;<br>
                    &nbsp;<br>
                    By: <u>/s/ William F.&nbsp;Harley, III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                    </p>
                </td>
            </tr>
        </table>

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</SUBMISSION>
