diff --git a/hsm_utils/Makefile b/hsm_utils/Makefile
index ce5ba31..d930f8f 100644
--- a/hsm_utils/Makefile
+++ b/hsm_utils/Makefile
@@ -47,7 +47,7 @@ OPENSSL_DIR = ../openssl-0.9.8k
 
 # Where the source lives
 SRCPATH =	.
-REFPATH =	$(NFAST_PATH)/c/ctd/examples/nfuser
+REFPATH =	$(NFAST_PATH)/c/ctd/examples/nfuser/build-gcc-lib
 
 CC =		gcc
 CPPFLAGS=	   -I$(SRCPATH) \