Sheinberg also learned of a licensing agreement between Nintendo and Coleco, a producer of home video game consoles. Sheinberg scheduled a meeting with Coleco president Arnold Greenberg on April 27, 1982, ostensibly to discuss possible investment in Coleco. Instead, Universal admonished Greenberg for copyright infringement and threatened to sue if the ColecoVision shipped with "Donkey Kong" as planned. The next day, Universal telexed Coleco and Nintendo giving them 48 hours to cease marketing "Donkey Kong", to dispose of all "Donkey Kong" inventory, and to hand over all records of profits made from the game. On May 5, Greenberg agreed to pay Universal royalties of 3% of "Donkey Kong"s net sale price, amounting to six million units and worth about $4.6 million. A week later, he signed an agreement that stated that Universal would not sue Coleco as long as Coleco paid royalties.