Exhibit 10.9

FIRST AMENDMENT TO
PROPERTY MANAGEMENT AND LEASING AGREEMENT
THIS FIRST AMENDMENT TO PROPERTY MANAGEMENT AND LEASING AGREEMENT (this
“Amendment”), is made and entered into as of October 27, 2017, by and among
GLOBAL NET LEASE, INC. (formerly American Realty Capital Global Daily Net Asset
Value Trust, Inc.), a Maryland corporation (the “Company”), GLOBAL NET LEASE
OPERATING PARTNERSHIP, L.P. (formerly American Realty Capital Global Operating
Partnership, L.P.), a Delaware limited partnership (the “OP”), and GLOBAL NET
LEASE PROPERTIES, LLC (formerly American Realty Capital Global Properties, LLC),
a Delaware limited liability company (the “Manager”).

WHEREAS the parties hereto entered into that certain Property Management and
Leasing Agreement, dated of April 20, 2012 (the “Agreement”); and

WHEREAS, the parties wish to amend the Agreement as provided herein.

NOW, THEREFORE, in consideration of the mutual promise contained herein and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree to amend the Agreement as follows:

1.
Definition of “Properties”. The defined term “Properties” set forth in Section
1.16 of the Agreement is hereby deleted in its entirety and replaced as follows:

1.16. “Properties” means all real estate properties owned by the Owner in the
Territory and all tracts as yet unspecified but to be acquired by the Owner in
the Territory containing income-producing Improvements or on which the Owner
will develop or rehabilitate income-producing Improvements, other than those
real estate properties owned by the Owner in the Territory that are expressly
subject to a separate property management agreement with Manager.
2.
Miscellaneous. Except as expressly modified hereby the terms of the Agreement
shall remain in full force and effect as written. Any capitalized term used in
this Amendment and not otherwise defined herein, shall have the meaning ascribed
to such term in the Agreement. This Amendment may be executed in one or more
counterparts, all of which shall be considered one and the same agreement, and
shall become a binding agreement when one or more counterparts have been signed
by each of the parties and delivered to the other party. Signatures on this
Amendment which are transmitted by electronically shall be valid for all
purposes, however any party shall deliver an original signature of this
Amendment to the other party upon request.

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment as of
the day and year first set forth above.
GLOBAL NET LEASE, INC.

By:
/s/ Jesse Galloway
Name: Jesse Galloway
Title: Authorized Signatory

GLOBAL NET LEASE OPERATING PARTNERSHIP, L.P.
By:
Global Net Lease, Inc.
its General Partner

By:
/s/ Jesse Galloway
Name: Jesse Galloway
Title: Authorized Signatory

GLOBAL NET LEASE PROPERTIES, LLC
By:
American Realty Capital Global Special Limited Partnership, LLC, its Member

By:
AR Capital Global Holdings, LLC, its Managing Member

By:
/s/ Jesse Galloway
Name: Jesse Galloway
Title: Authorized Signatory