On August 27, 2009 the Company amended the employment agreements with its Chief Financial Officer, Elaine D. Marion, and its Senior Vice President of Business Operations, Steven Mencarini. The agreements, which are effective September 1, 2008 through August 31, 2009, have been amended to extend the employment term through October 31, 2009 while new agreements are being prepared.

The foregoing description of the amended employment agreements is qualified in its entirety by reference to the Marion Employment Agreement Amendment #1 and Mencarini Employment Agreement Amendment #1, which are attached as Exhibit 99.1 and 99.2 respectively to this Current Report on Form 8-K and is incorporated herein by reference.

(d) Exhibits:

Exhibit No. Description

99.1        Employment Agreement Amendment # 1, effective as of
            September 1, 2009 by and between ePlus inc. and
            Elaine D. Marion.
99.2        Employment Agreement Amendment # 1, effective as of
            September 1, 2009 by and between ePlus inc. and
            Steven Mencarini.