EXHIBIT 10.3 CONTRIBUTION AGREEMENT By and Among BELCREST REALTY CORPORATION AND BELAIR REAL ESTATE CORPORATION and NATIONAL GOLF OPERATING PARTNERSHIP, L.P. and NATIONAL GOLF PROPERTIES, INC. Dated: As of July 28, 1999 CONTRIBUTION AGREEMENT...3 Contribution Agreement • August 13th, 1999 • National Golf Properties Inc • Real estate investment trusts • New York
