[c#] What is the use of "object sender" and "EventArgs e" parameters?

EventArgs e is a parameter called e that contains the event data, see the EventArgs MSDN page for more information.

Object Sender is a parameter called Sender that contains a reference to the control/object that raised the event.

Event Arg Class: http://msdn.microsoft.com/en-us/library/system.eventargs.aspx

Example:

protected void btn_Click (object sender, EventArgs e){
   Button btn = sender as Button;
   btn.Text = "clicked!";
}

Edit: When Button is clicked, the btn_Click event handler will be fired. The "object sender" portion will be a reference to the button which was clicked