diff --git a/template/examples/contract-erc20/truffle/package-lock.json b/template/examples/contract-erc20/truffle/package-lock.json
index 6baed80830..1dcf0d2e76 100644
--- a/template/examples/contract-erc20/truffle/package-lock.json
+++ b/template/examples/contract-erc20/truffle/package-lock.json
@@ -430,9 +430,9 @@
       "optional": true
     },
     "@openzeppelin/contracts": {
-      "version": "4.8.3",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.8.3.tgz",
-      "integrity": "sha512-bQHV8R9Me8IaJoJ2vPG4rXcL7seB7YVuskr4f+f5RyOStSZetwzkWtoqDMl5erkBJy0lDRUnIR2WIkPiC0GJlg=="
+      "version": "4.9.2",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.9.2.tgz",
+      "integrity": "sha512-mO+y6JaqXjWeMh9glYVzVu8HYPGknAAnWyxTRhGeckOruyXQMNnlcW6w/Dx9ftLeIQk6N+ZJFuVmTwF7lEIFrg=="
     },
     "@protobufjs/aspromise": {
       "version": "1.1.2",
diff --git a/template/examples/contract-erc20/truffle/package.json b/template/examples/contract-erc20/truffle/package.json
index fb1b3a8f2d..311b9e0ab7 100644
--- a/template/examples/contract-erc20/truffle/package.json
+++ b/template/examples/contract-erc20/truffle/package.json
@@ -2,7 +2,7 @@
   "name": "substrate-evm-contracts",
   "version": "0.0.0",
   "dependencies": {
-    "@openzeppelin/contracts": "^4.8.3",
+    "@openzeppelin/contracts": "^4.9.2",
     "truffle": "^5.6.7"
   }
 }