UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~SECTION 13 orOR 15(dD) ofOF ~~the Securities Exchange Act of 1934~~THE

~~Date~~SECURITIES ~~of Report~~EXCHANGE ~~(Date~~ACT ofOF ~~earliest event reported): January 22, 2008~~1934

Date of Report (Date of earliest event reported): March 18, 2009

NARROWSTEP INC.

(Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in ~~its charter~~Charter)

Delaware	333-108632	33-1010941
(State or other	(Commission	(IRS Employer
jurisdiction of	File Number)	Identification No.)
incorporation)

Delaware

~~202 Carnegie~~(State ~~Center, Suite~~of ~~101,~~Jurisdiction ~~PRINCETON,~~of ~~NEW JERSEY 08540~~Incorporation)

(Address of principal executive offices) (Zip Code)

333-108632	33-1010941
(Commission File Number)	(I.R.S. Employer Identification No.)

~~Registrant’s telephone~~PO ~~number, including area code: (609)~~BOX ~~945-1772~~565

HOPEWELL, NEW JERSEY 08525

(Address of Principal Executive Offices) (Zip Code)

(609) 945-1772

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~o ~~5.02~~Soliciting ~~Departure~~material ofpursuant ~~Directors~~to orRule ~~Certain~~14a-12 ~~Officers;~~under ~~Election~~the ofExchange ~~Directors;~~Act ~~Appointment~~(17 ofCFR ~~Certain Officers; Compensatory Arrangements of Certain Officers~~240.14a-12)

~~On January~~o ~~22,~~Pre-commencement ~~2008,~~communications ~~the~~pursuant ~~Board~~to ofRule ~~Directors~~ 14d-2(~~the "Board"~~b) ofunder the ~~Company~~Exchange ~~approved the~~Act ~~appointment~~(17 ofCFR ~~Jon Harrington as a Class III director of the Company to fill the vacancy resulting from Iolo Jones’ resignation from the Board on December 18, 2007~~240. ~~Mr. Harrington will serve on the Board’s audit committee.~~14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.02 Termination of a Material Definitive Agreement.

As disclosed in various previous filings with the Securities and Exchange Commission (“SEC’), including our Form 10-Q for the period ended November 30, 2008 and filed with the SEC on January 14, 2009, Onstream Media Corporation, a Florida corporation (“Onstream”) and Onstream Merger Corp., a newly formed Delaware corporation and a wholly owned subsidiary of Onstream (“Merger Sub”) had entered into an Agreement and Plan of Merger (the “Definitive Agreement”) with Narrowstep Inc., a Delaware corporation (“Narrowstep”) and W. Austin Lewis IV, as stockholder representative (for the Narrowstep stockholders), dated as of May 29, 2008 and which Definitive Agreement was subsequently amended on August 13, 2008 and September 15, 2008.

On March 18, 2009, based on a provision in the Definitive Agreement, Onstream terminated the Definitive Agreement and the acquisition of Narrowstep, Inc. Since the Effective Time, as defined in the Definitive Agreement (as amended), did not occur on or prior to November 30, 2008, the terms of the Definitive Agreement allowed that it might be terminated by either Onstream or Narrowstep at any time after such date under certain circumstances. Narrowstep is reviewing is rights and remedies under the Definitive Agreement and applicable law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NARROWSTEP INC. By: /s/ David C. McCourt Name: David C. McCourt Title: Chairman, ~~Interim Chief Executive Officer~~ and Interim Chief ~~Operating~~Executive Officer

~~Dated~~Date: ~~January~~March 2324, ~~2008~~2009

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