diff --git a/common-dev-assets b/common-dev-assets
index 7918b907..151f5e7f 160000
--- a/common-dev-assets
+++ b/common-dev-assets
@@ -1 +1 @@
-Subproject commit 7918b907ccd6e8ce14977d9461dac534a2e4114f
+Subproject commit 151f5e7fb5a775ed3bea62d9ba5b326cd5fbdc80
diff --git a/examples/obs-agent-iks/main.tf b/examples/obs-agent-iks/main.tf
index f055fd38..49ff1463 100644
--- a/examples/obs-agent-iks/main.tf
+++ b/examples/obs-agent-iks/main.tf
@@ -129,7 +129,7 @@ resource "time_sleep" "wait_operators" {
 
 module "observability_instances" {
   source                         = "terraform-ibm-modules/observability-instances/ibm"
-  version                        = "3.4.1"
+  version                        = "3.4.2"
   resource_group_id              = module.resource_group.resource_group_id
   region                         = var.region
   cloud_logs_plan                = "standard"
diff --git a/examples/obs-agent-ocp/main.tf b/examples/obs-agent-ocp/main.tf
index 63d9dc8a..cf1d609d 100644
--- a/examples/obs-agent-ocp/main.tf
+++ b/examples/obs-agent-ocp/main.tf
@@ -104,7 +104,7 @@ locals {
 
 module "ocp_base" {
   source                               = "terraform-ibm-modules/base-ocp-vpc/ibm"
-  version                              = "3.39.0"
+  version                              = "3.41.0"
   resource_group_id                    = module.resource_group.resource_group_id
   region                               = var.region
   tags                                 = var.resource_tags
@@ -130,7 +130,7 @@ data "ibm_container_cluster_config" "cluster_config" {
 
 module "observability_instances" {
   source                         = "terraform-ibm-modules/observability-instances/ibm"
-  version                        = "3.4.1"
+  version                        = "3.4.2"
   resource_group_id              = module.resource_group.resource_group_id
   region                         = var.region
   cloud_logs_plan                = "standard"