First of all you need to build an updated toolchain suitable for your BSP.
As of 2016-02-16, the most recent versions of the OSELAS toolchains are:

OSELAS version glibc version
2014.12.2 2.20
2013.12.3 2.18
2012.12.2 2.16.0
2011.11.4 2.14.1
2011.03.2 2.13

Move to your BSP root folder and execute

ptxdist platformconfig

Navigate to

architecture -->  toolchain -->

and modify the following options

(OSELAS.Toolchain-YYYY.MM.P) check for specific toolchain vendor
(MAJOR.MINOR[.PATCH]) check for specific glibc version

with the version information from the table above. Exit PTXdist and make sure your changes are saved.

Now configure your BSP to use the new toolchain by executing

ptxdist toolchain <path to the new toolchain>

To rebuild your BSP execute

ptxdist clean
ptxdist go --git

Disclaimer
TQ-Systems GmbH provides the Board Support Packages (BSP) free of charge. The software included in the shipment has been configured individually for the starter kits. The software is only intended to evaluate the module. The use of the Board Support Packages (BSP) is only allowed within the scope of functionality described by TQ-Systems GmbH. TQ-Systems GmbH does not accept any liability for all further changes of the Board Support Package and for any damage resulting from its use.