The company leaders sought a Royal Charter for the colony because they were concerned about the legality of conflicting land claims given to several companies (including the New England Company) for the little-known territories of the New World, and because of the increasing number of Puritans who wanted to join them. Charles granted the new charter on 4 March 1628/9, superseding the land grant and establishing a legal basis for the new English colony at Massachusetts, appointing Endecott as governor. It was not apparent whether Charles knew that the Company was meant to support the Puritan emigration, and he was likely left to assume that it was purely for business purposes, as was the custom. The charter omitted a significant clause: the location for the annual stockholders' meeting. Charles dissolved Parliament in 1629, whereupon the company's directors met to consider the possibility of moving the company's seat of governance to the colony. This was followed later that year by the Cambridge Agreement, in which a group of investors agreed to emigrate and work to buy out others who would not emigrate.