diff --git a/package-lock.json b/package-lock.json
index 86acc7f1a..8e1927daa 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -16,7 +16,7 @@
         "@nomiclabs/hardhat-waffle": "2.0.4",
         "@nomiclabs/hardhat-web3": "2.0.0",
         "@openzeppelin/contracts": "4.3.3",
-        "@openzeppelin/contracts-upgradeable": "4.7.3",
+        "@openzeppelin/contracts-upgradeable": "4.9.6",
         "@openzeppelin/hardhat-upgrades": "1.20.0",
         "@openzeppelin/test-helpers": "0.5.10",
         "@smartdec/smartcheck": "2.0.1",
@@ -4081,9 +4081,9 @@
       "dev": true
     },
     "node_modules/@openzeppelin/contracts-upgradeable": {
-      "version": "4.7.3",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz",
-      "integrity": "sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==",
+      "version": "4.9.6",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.9.6.tgz",
+      "integrity": "sha512-m4iHazOsOCv1DgM7eD7GupTJ+NFVujRZt1wzddDPSVGpWdKq1SKkla5htKG7+IS4d2XOCtzkUNwRZ7Vq5aEUMA==",
       "dev": true
     },
     "node_modules/@openzeppelin/hardhat-upgrades": {
@@ -52360,9 +52360,9 @@
       "dev": true
     },
     "@openzeppelin/contracts-upgradeable": {
-      "version": "4.7.3",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz",
-      "integrity": "sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==",
+      "version": "4.9.6",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.9.6.tgz",
+      "integrity": "sha512-m4iHazOsOCv1DgM7eD7GupTJ+NFVujRZt1wzddDPSVGpWdKq1SKkla5htKG7+IS4d2XOCtzkUNwRZ7Vq5aEUMA==",
       "dev": true
     },
     "@openzeppelin/hardhat-upgrades": {
diff --git a/package.json b/package.json
index c4f3ff4a2..4bbb15877 100644
--- a/package.json
+++ b/package.json
@@ -59,7 +59,7 @@
     "@nomiclabs/hardhat-waffle": "2.0.4",
     "@nomiclabs/hardhat-web3": "2.0.0",
     "@openzeppelin/contracts": "4.3.3",
-    "@openzeppelin/contracts-upgradeable": "4.7.3",
+    "@openzeppelin/contracts-upgradeable": "4.9.6",
     "@openzeppelin/hardhat-upgrades": "1.20.0",
     "@openzeppelin/test-helpers": "0.5.10",
     "@smartdec/smartcheck": "2.0.1",