The second extension required Shkreli to pay $ 125,000 to Merrill Lynch by January 15, 2013, or within a «cure» period of five days thereafter. (sec.gov)
Shkreli caused MSMB Healthcare to use $ 125,000 of these funds to pay for the second extension, which gave Shkreli until March 1, 2013 to pay the $ 1.35 million. (sec.gov)
Shkreli negotiated for and obtained a second extension in January (sec.gov)