Document:

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                                                                    EXHIBIT 10.4

                         DIRECTOR* COMPENSATION SUMMARY

MEETING FEES

      Directors of Mountain National Bancshares, Inc. (the "Company") are paid
$525 for each Board meeting attended. The Chairman of the Board receives a fee
of $1,100 for each Board meeting attended.

      Directors are reimbursed for their expenses incurred in connection with
their activities as the Company's directors.

COMMITTEE MEETING FEES

      Each director receives $175 for each Executive Loan Committee meeting
attended and $125 for each other Board committee meeting attended.

EQUITY COMPENSATION

      Each director is eligible to participate in the Company's Stock Option
Plan.

      The foregoing information is summary in nature. Additional information
regarding director compensation will be provided in the Company's proxy
statement to be filed in connection with the 2006 annual meeting of the
Company's shareholders.

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* Includes directors that are also employees of the Company.

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                  NAMED EXECUTIVE OFFICER COMPENSATION SUMMARY

      The following table sets forth the current base salary paid to Dwight
Grizzell, the Company's President and Chief Executive Officer and Grace D.
McKinzie, the Company's Executive Vice President-Chief Lending Officer, and the
only other executive officer of the Company or Mountain National Bank (the
"Bank") was paid $100,000 or more in salary, bonus and directors' fees during
the year ended December 31, 2005.

<TABLE>
<CAPTION>
EXECUTIVE OFFICER                              CURRENT SALARY             2005 CASH BONUS
-----------------                              --------------             ---------------
<S>                                            <C>                        <C>
Dwight B. Grizzell, President                  $      167,012             $         9,726

Grace D. McKinzie                              $      102,459             $         4,726
</TABLE>

      In addition to their base salary, Mr. Grizzell and Ms. McKinzie are also
eligible to:

      -     Participate in the Company's cash bonus plan;

      -     Participate in the Company's equity incentive programs, which
            currently involves the award of stock options pursuant to the
            Company's Stock Option Plan; and

      -     Participate in the Company's broad-based benefit programs generally
            available to its employees, including health, disability and life
            insurance programs and the Company's 401(k) Plan.

      The foregoing information is summary in nature. Additional information
regarding the named executive officer compensation will be provided in the
Company's proxy statement to be filed in connection with the 2006 annual meeting
of the Company's shareholders.<PAGE>
                                                                     EXHIBIT 4.8

                  SECOND AMENDMENT, LIMITED WAIVER AND CONSENT

     THIS SECOND AMENDMENT, LIMITED WAIVER AND CONSENT dated as of August 10,
2005 (this "Amendment"), by and among EMS TECHNOLOGIES, INC., a Georgia
corporation (the "Borrower"), the Lenders listed on the signature page hereof
and SUNTRUST BANK, in its capacity as the Administrative Agent (the
"Administrative Agent").

                              W I T N E S S E T H:

      WHEREAS, the Borrower, the Lenders and the Administrative Agent entered
into that certain U.S. Revolving Credit Agreement dated as of December 10, 2004,
as amended by that certain First Amendment to U.S. Revolving Credit Agreement
dated as of February 11, 2005 (as so amended, the "Credit Agreement");

      WHEREAS, the Borrower, the Lenders and the Administrative Agent desire to
amend the Credit Agreement in certain respects on the terms and conditions
contained herein;

      WHEREAS, the Borrower has informed the Administrative Agent and the
Lenders that the Borrower has failed or will fail to comply with the financial
covenants contained in Sections 6.1 and 6.2 of the Credit Agreement for the
fiscal quarter of the Borrower ending on or about June 30, 2005, resulting in an
Event of Default under Sections 8.1(d) and 8.1(o) of the Credit Agreement (the
"Specified Defaults"), which failure is solely a consequence of the write-down
in the book value of the assets being sold in connection with the Canadian Sale
and Prepayment Event (the "Asset Write-Down");

      WHEREAS, the Borrower has informed the Administrative Agent and the
Lenders that the Borrower intends to sell the assets of the business currently
conducted by the Borrower's EMS Satellite Networks division from leased
facilities located in Montreal, Quebec (the "SatNet Assets") and has requested
that the Administrative Agent and the Lenders consent to the sale of the SatNet
Assets as required under Section 7.6 of the Credit Agreement; and

      WHEREAS, the Borrower has requested that the Administrative Agent and the
Lenders waive the Specified Defaults, and the effects thereof, under the Credit
Agreement and consent to the sale of the SatNet Assets.

      NOW, THEREFORE, for and in consideration of good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
the parties hereto, the Lenders, the Administrative Agent and the Borrower
hereby agree as follows:

1. DEFINED TERMS. Capitalized terms which are used herein without definition and
which are defined in the Credit Agreement shall have the same meanings ascribed
to them as in the Credit Agreement.

2. AMENDMENTS. (a) The Credit Agreement is hereby amended by adding the
following sentence at the end of the defined term "CONSOLIDATED NET INCOME"
contained in Section 1.1 thereof:

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            "Notwithstanding the foregoing, any net income (or loss)
      attributable to the sale of the SatNet Assets and/or the assets giving
      rise to the Canadian Sale and Prepayment Event that are otherwise included
      in Consolidated Net Income during the period of determination shall be
      excluded if such assets are sold during such period."

      (b) The Swingline Lender and the Borrower agree that (i) there shall be no
minimum amount for any Borrowings of Swingline Loans and (ii) there shall be no
minimum amount for the prepayment of any Swingline Loan. Accordingly, footnote 8
to Exhibit 2.5 is hereby deleted.

3. LIMITED WAIVER. At the request of the Borrower, but subject to the
satisfaction of the conditions precedent set forth in Section 5 below, the
Lenders hereby waive the Specified Defaults arising solely by virtue of the
Asset Write-Down; provided that the Asset Write-Down does not exceed
$12,000,000. The Borrower acknowledges and agrees that the waiver contained in
the foregoing sentence shall not waive (or be deemed to be or constitute a
waiver of) any other covenant, term or provision in the Credit Agreement or
hinder, restrict or otherwise modify the rights and remedies of the Lenders and
the Administrative Agent following the occurrence of any other present or future
Default or Event of Default (whether or not related to the Specified Defaults)
under the Credit Agreement or any other Loan Document.

4. CONSENT. At the request of the Borrower, but subject to the satisfaction of
the conditions precedent set forth in Section 5 below, the Lenders hereby
consent to the sale of the SatNet Assets; provided, that (i) the Borrower
receives cash consideration in an amount not less than $16,000,000, (ii) the Net
Proceeds of the sale of the SatNet Assets are applied in accordance with Section
2.14 of the Credit Agreement, and (iii) such sale shall be completed by December
31, 2005. The Borrower acknowledges and agrees that the consent contained in the
foregoing sentence shall not waive or amend (or be deemed to be or constitute an
amendment to or waiver of) any other covenant, term or provision in the Credit
Agreement or hinder, restrict or otherwise modify the rights and remedies of the
Lenders and the Administrative Agent following the occurrence of any present or
future Default or Event of Default (whether or not related to the sale of the
SatNet Assets) under the Credit Agreement or any other Loan Document.

5. EFFECTIVENESS OF AMENDMENT. The effectiveness of this Amendment is subject to
the truth and accuracy of the representations set forth in Sections 6 and 7
below and satisfaction of each of the following conditions:

      (a)   Receipt by the Administrative Agent of counterparts of this
            Amendment duly executed by the Borrower, the Subsidiary Loan
            Parties, the Administrative Agent and the Lenders constituting the
            Required Lenders;

      (b)   Receipt by the Administrative Agent of a waiver substantially in the
            same form and content as this Amendment executed by each of the
            parties to the Canadian Revolving Credit Agreement (the "Canadian
            Amendment");

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      (c)   Payment of all fees, costs and expenses of the Administrative Agent
            and Lenders, including the fees of Administrative Agent's counsel
            incurred through the date of this Amendment; and

      (d)   Such other documents, agreements, instruments, certificates or other
            confirmations as the Administrative Agent may reasonably request.

6. REPRESENTATIONS OF THE BORROWER. The Borrower represents and warrants to the
Administrative Agent and the Lenders that:

      (a) Corporate Power and Authority. The execution, delivery and performance
of this Amendment and the transactions contemplated hereby (i) are within the
corporate authority of the Borrower, (ii) have been duly authorized by all
necessary corporate proceedings, if any, (iii) do not and will not violate any
provision of law, statute, rule or regulation to which the Borrower is subject
or any judgment, order, writ, injunction, license or permit applicable to the
Borrower and (iv) does not violate or breach any provision of the organizational
documents of, or any agreement or other instrument binding upon, the Borrower or
its Subsidiaries. The Borrower has duly executed and delivered the Amendment,
and, both the Amendment and the Credit Agreement as amended by the Amendment,
constitute the Borrower's legal, valid and binding obligation enforceable in
accordance with their respective terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws generally affecting creditors'
rights and by equitable principles (regardless of whether enforcement is sought
in equity or at law).

      (b) Governmental Approvals. No order, consent, approval, license,
authorization or validation of, or filing, recording or registration with
(except for those that have otherwise been obtained or made on or prior to the
date of the effectiveness of this Amendment and which remain in full force and
effect on such date), or exemption by, any Governmental Authority, is required
to authorize, or is required in connection with, (i) the execution, delivery and
performance of the Amendment by the Borrower or (ii) the legality, validity,
binding effect or enforceability of any such Amendment against the Borrower.

      (c) No Default. No Default or Event of Default will exist immediately
after giving effect to this Amendment.

7. REAFFIRMATION OF REPRESENTATIONS. Without limiting Section 6 hereof, the
Borrower hereby repeats and reaffirms all representations and warranties made by
the Borrower to the Administrative Agent and the Lenders in the Credit Agreement
and the other Loan Documents to which it is a party on and as of the date hereof
(after giving effect to this Amendment) with the same force and effect as if
such representations and warranties were set forth in this Amendment in full
(except to the extent that such representations and warranties relate expressly
to an earlier date).

8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF GEORGIA.

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9. EFFECT. Except as expressly provided for herein, the terms and conditions of
the Credit Agreement and the other Loan Documents shall remain in full force and
effect.

10. COUNTERPARTS. This Amendment may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, and all counterparts,
taken together, shall constitute but one and the same document.

11. ENTIRE AGREEMENT. THIS AMENDMENT CONSTITUTES THE ENTIRE AGREEMENT AMONG THE
PARTIES HERETO RELATING TO THE SUBJECT MATTER HEREOF AND SUPERSEDES ANY AND ALL
PREVIOUS DISCUSSIONS, CORRESPONDENCE, AGREEMENTS AND OTHER UNDERSTANDINGS,
WHETHER ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF.

                         [SIGNATURES ON FOLLOWING PAGES]

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      IN WITNESS WHEREOF, the Borrower, the Lenders and the Administrative Agent
have caused this Second Amendment Limited Waiver and Consent to be duly executed
by their respective duly authorized officers as of the day and year first above
written.

                             EMS TECHNOLOGIES, INC.

                             By:_______________________________________________
                                Name:
                                Title:

                             SUNTRUST BANK, in its capacities as a Lender,
                             Swingline Lender and as Administrative Agent

                             By:_______________________________________________
                                Name:
                                Title:

                             BANK OF AMERICA, NATIONAL ASSOCIATION,
                             in its capacity as a Lender

                             By:_______________________________________________
                                Name:
                                Title:

                             GENERAL ELECTRIC CAPITAL CORPORATION,
                             in its capacity as a Lender

                             By:_______________________________________________
                                Name:
                                Title:

<PAGE>

                REAFFIRMATION OF OBLIGATIONS UNDER LOAN DOCUMENTS

      Each of the undersigned Subsidiary Loan Parties hereby reaffirms its
continuing obligations owing to the Administrative Agent and each Lender under
the Loan Documents to which such Person is a party and agrees that the foregoing
Second Amendment, Limited Waiver and Consent shall not in any way affect the
validity and enforceability of any such Loan Document, or reduce, impair or
discharge the obligations of such Person thereunder.

      This reaffirmation shall be construed in accordance with and be governed
by the laws (without giving effect to the conflict of law principles thereof) of
the State of Georgia.

      IN WITNESS WHEREOF, each of the undersigned has duly executed and
delivered this Reaffirmation of Obligations under Loan Documents as of August
10, 2005.

                             EMS INVESTMENT HOLDINGS, INC.

                             By:  _____________________________________________

                                  Name:  ______________________________________

                                  Title: ______________________________________

                             LXE INC.

                             By:  _____________________________________________

                                  Name:  ______________________________________

                                  Title: ______________________________________

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