Under the Securities Exchange Act of 1934*
(Amendment No. 5)

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person'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.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") 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).

(1) Richmont Capital Partners V LP (“Richmont Capital”) was the payee and holder of a $20,000,000 Convertible Subordinated Unsecured Promissory Note, as amended (the “Note”).  All of the principal of and accrued interest under the Note was converted (the “Conversion”) into 3,200,000 shares of the common stock (“Common Stock”) of CVSL Inc. (the “Issuer”) at approximately $6.76 per share on November 26, 2014.  Richmont Street LLC (“Richmont Street”) is the sole general partner of Richmont Capital, and John Rochon Jr. (“Rochon”) is the sole owner and the President of Richmont Street.  Therefore, Richmont Street and Rochon may be deemed to be beneficial owners of, and share voting and dispositive power over, the shares that were issued upon the Conversion.

(2) The reported percentage is based on the Issuer having 27,599,012 shares of issued and outstanding Common Stock as of December 1, 2014 as reported in the Registration Statement on Form S-3 filed by CVSL Inc. with the Securities and Exchange Commission on December 3, 2014.  The share amounts reported in this Amendment No. 5 to Schedule 13D (as well as the Conversion price of the Note) reflect the reverse stock split, on a one-for-20 basis (the “Reverse Stock Split”), of the outstanding shares of Common Stock that took effect on October 16, 2014.  No fractional shares were issued in connection with the Reverse Stock Split, and any fractional shares that remained after the Reverse Stock Split were rounded up to the nearest whole number.

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(1) Richmont Capital Partners V LP (“Richmont Capital”) was the payee and holder of a $20,000,000 Convertible Subordinated Unsecured Promissory Note, as amended (the “Note”).  All of the principal of and accrued interest under the Note was converted (the “Conversion”) into 3,200,000 shares of the common stock (“Common Stock”) of CVSL Inc. (the “Issuer”) at approximately $6.76 per share on November 26, 2014.  Richmont Street LLC (“Richmont Street”) is the sole general partner of Richmont Capital, and John Rochon Jr. (“Rochon”) is the sole owner and the President of Richmont Street.  Therefore, Richmont Street and Rochon may be deemed to be beneficial owners of, and share voting and dispositive power over, the shares that were issued upon the Conversion.

(2) The reported percentage is based on the Issuer having 27,599,012 shares of issued and outstanding Common Stock as of December 1, 2014 as reported in the Registration Statement on Form S-3 filed by CVSL Inc. with the Securities and Exchange Commission on December 3, 2014.  The share amounts reported in this Amendment No. 5 to Schedule 13D (as well as the Conversion price of the Note) reflect the reverse stock split, on a one-for-20 basis (the “Reverse Stock Split”), of the outstanding shares of Common Stock that took effect on October 16, 2014.  No fractional shares were issued in connection with the Reverse Stock Split, and any fractional shares that remained after the Reverse Stock Split were rounded up to the nearest whole number.

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(1) Of the reported shares of the common stock (“Common Stock”) of CVSL Inc. (the “Issuer”), (a) 1,237,500 (the “Gifted Shares”) are held by The William John Philip Rochon 2010 Dynasty Trust (the “Trust”), under which John Rochon Jr. (“Rochon”) is the sole trustee and the sole beneficiary and, as such, may be deemed the beneficial owner of such shares, and (b) 1,250,000 shares are held directly by Rochon (the “Transferred Shares”).  The Trust received the Gifted Shares as a gift, and Rochon received the Transferred Shares in a private transaction in exchange for a promissory note in the original principal amount of $250,000.

(2) Richmont Capital Partners V LP (“Richmont Capital”) was the payee and holder of a $20,000,000 Convertible Subordinated Unsecured Promissory Note, as amended (the “Note”).  All of the principal of and accrued interest under the Note was converted (the “Conversion”) into 3,200,000 shares of Common Stock at approximately $6.76 per share on November 26, 2014.  Richmont Street LLC (“Richmont Street”) is the sole general partner of Richmont Capital, and Rochon is the sole owner and the President of Richmont Street.  Therefore, Richmont Street and Rochon may be deemed to be beneficial owners of, and share voting and dispositive power over, the shares that were issued upon the Conversion.

(3) The reported aggregate beneficial ownership of 5,687,500 shares of Common Stock, or 20.6% of the issued and outstanding Common Stock, includes (a) the Gifted Shares (representing 4.5% of the issued and outstanding shares of Common Stock), (b) 3,200,000 shares of Common Stock issued upon the Conversion (representing 11.6% of the issued and outstanding shares of Common Stock) and (c) the Transferred Shares (representing 4.5% of the issued and outstanding shares of Common Stock).

(4) The reported percentage is based on the Issuer having 27,599,012 shares of issued and outstanding Common Stock as of December 1, 2014 as reported in the Registration Statement on Form S-3 filed by CVSL Inc. with the Securities and Exchange Commission on December 3, 2014. The share amounts reported in this Amendment No. 5 to Schedule 13D (as well as the Conversion price of the Note) reflect the reverse stock split, on a one-for-20 basis (the “Reverse Stock Split”), of the outstanding shares of Common Stock that took effect on October 16, 2014.  No fractional shares were issued in connection with the Reverse Stock Split, and any fractional shares that remained after the Reverse Stock Split were rounded up to the nearest whole number.

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This Amendment No. 5 to Schedule 13D (this “Amendment”) relating to shares of common stock, par value of $0.0001 per share (“Common Stock”), of CVSL Inc. (the “Issuer”) is filed with the Securities and Exchange Commission (the “Commission”) by Richmont Capital Partners V LP, a Texas limited partnership (“Richmont Capital”), Richmont Street LLC, a Texas limited liability company (“Richmont Street”), and John Rochon Jr. (“Rochon” and, together with Richmont Capital and Richmont Street, the “Reporting Persons”).  The Reporting Persons filed an original Schedule 13D (the “Original Schedule 13D”) relating to shares of Common Stock with the Commission on December 26, 2012, and the Original Schedule 13D has been amended by the Reporting Persons as follows (as amended through Amendment No. 4 described below, the “Existing Schedule 13D”):

This Amendment is being filed by the Reporting Persons with the Commission to report the conversion of that certain Convertible Subordinated Unsecured Promissory Note, dated December 12, 2012, in the original principal amount of $20,000,000 issued by the Issuer to Richmont Capital (the “Note”) into 3,200,000 shares of the Issuer’s Common Stock.

Item 5.      Interest in Securities of the Issuer.

The following paragraphs are hereby added immediately following the third full paragraph of Item 5(a) of the Existing Schedule 13D:

On June 12, 2014, the Issuer and Richmont Capital had entered into a Second Amendment to Convertible Subordinated Unsecured Promissory Note (the “Second Note Amendment”), which amended the Note (as previously amended) to extend the date of mandatory conversion of the Note.  As amended by the Second Note Amendment, the original principal amount of, and all accrued interest under, the Note was convertible mandatorily into shares of Common Stock (subject to a maximum of 3,200,000 shares being issued) within 10 days of June 12, 2015 or such earlier date as may be mutually agreed by the Issuer and Richmont Capital.  All other terms and conditions of the Note remained unchanged and in effect.

On November 26, 2014, the Issuer and Richmont Capital entered into a Letter Agreement, which provided that all of the principal amount of and accrued interest under the Note was converted into the maximum 3,200,000 shares of Common Stock effective as of November 26, 2014.

The shares of Common Stock issued under the Note were proportionally adjusted to reflect the reverse stock split, on a one-for-20 basis (the “Reverse Stock Split”), of the outstanding shares of Common Stock that took effect on October 16, 2014.  No fractional shares were issued in connection with the Reverse Stock Split, and any fractional shares that remained after the Reverse Stock Split were rounded up to the nearest whole number.

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Item 7.                   Materials to be Filed as Exhibits.

Item 7 of the Existing Schedule 13D is amended by adding the following Exhibit:

Exhibit 7                                               Second Amendment to Convertible Subordinated Unsecured Promissory Note, dated as of June 12, 2014, between CVSL Inc. and Richmont Capital Partners V LP (incorporated by reference to Exhibit 10.1 to CVSL Inc.’s Current Report on 8-K dated June 16, 2014).

Exhibit 8                                               Letter Agreement on Conversion of $20.0 Million Note, dated as of November 26, 2014, between CVSL Inc. and Richmont Capital Partners V LP (incorporated by reference to Exhibit 4.1 to CVSL Inc.’s Current Report on 8-K dated November 26, 2014).

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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