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                                                                    EXHIBIT 10.4

                                    GUARANTY
                               (Joint and Several)

     FOR VALUE RECEIVED and in consideration of any loan or other financial
accommodation heretofore or hereafter at any time made or granted to EBANK
MORTGAGE, LLC (hereinafter called the "Debtor") by U.S. BANK NATIONAL
ASSOCIATION (hereinafter, together with its successors and assigns, called the
"Bank"), MADISON MORTGAGE CORPORATION, a Georgia corporation, and EBANK
FINANCIAL SERVICES, INC., a Georgia corporation (collectively, the "Guarantors"
and each, a "Guarantor") hereby unconditionally JOINTLY AND SEVERALLY guarantee
the full and prompt payment when due, whether by acceleration or otherwise, and
at all times thereafter, of all obligations of the Debtor to the Bank, howsoever
created, arising or evidenced, whether direct or indirect, absolute or
contingent, or now or hereafter existing, or due or to become due (all such
obligations being hereinafter collectively called the "Liabilities"), and the
Guarantors further jointly and severally agree to pay all expenses (including
attorneys' fees and legal expenses) paid or incurred by the Bank in endeavoring
to collect the Liabilities, or any part thereof, and in enforcing this guaranty.
The right of recovery against the Guarantors under this guaranty is, however,
limited to an amount equal to the sum of (a) $2,000,000 in the aggregate for a
combined recovery against both Guarantors, plus (b) for each Guarantor, an
amount equal to dividends paid to, and received by, such Guarantor which would
not be permitted by Section 5.15 of the Credit Agreement, dated as of April 19,
2006 (as thereafter amended) between the Debtor and the Bank, plus (c) for both
Guarantors in the aggregate, interest on the amount specified in (a) and all
expenses of enforcing this guaranty. The creation or existence from time to time
of Liabilities in excess of the amount to which the right of recovery under this
guaranty is limited is hereby authorized, without notice to the Guarantors, and
shall in no way affect or impair the rights of the Bank and the obligations of
the Guarantors under this guaranty.

     The Guarantors agree that, in the event of the dissolution or insolvency of
the Debtor or any Guarantor, or the inability of the Debtor or any Guarantor to
pay debts as they mature, or an assignment by the Debtor or any Guarantor for
the benefit of creditors, or the institution of any proceeding by or against the
Debtor or the Guarantor alleging that the Debtor or any Guarantor is insolvent
or unable to pay debts as they mature, and if such event shall occur at a time
when any of the Liabilities may not then be due and payable, the Guarantors will
pay to the Bank forthwith the full amount which would be payable hereunder by
the Guarantors if all Liabilities were then due and payable.

     As additional security for the payment of all of the Liabilities and all
obligations of the Guarantors hereunder (collectively, the "Guaranty
Obligations"), each Guarantor grants to the Bank a security interest in, a lien
on, and an express contractual right to set off against, each deposit account
and all deposit account balances, cash and any other property of such Guarantor
now or hereafter maintained with, or in the possession of, the Bank. Upon the
occurrence of any default hereunder (as described in the immediately preceding
paragraph), the Bank may: (a) refuse to allow withdrawals from any such deposit
account; (b) apply the amount of such deposit account balances and the other
assets of the Guarantors described above to the Guaranty Obligations; and (c)
offset any other obligation of the Bank against the Guaranty Obligations; all
whether or not the Guaranty

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Obligations are then due or have been accelerated and all without any advance or
contemporaneous notice or demand of any kind to the Guarantor, such notice and
demand being expressly waived.

     This guaranty shall in all respects be a continuing, absolute and
unconditional guaranty, and shall remain in full force and effect
(notwithstanding, without limitation, the death, incompetency or dissolution of
any Guarantor or that at any time or from time to time all Liabilities may have
been paid in full), subject to discontinuance in respect of a Guarantor only
upon actual receipt by the Bank of written notice from such Guarantor, or any
person duly authorized and acting on behalf of such Guarantor, of the
discontinuance hereof; provided, however, that no such notice of discontinuance
shall affect or impair any of the agreements and obligations of such Guarantor
hereunder with respect to any and all Liabilities existing prior to the time of
actual receipt of such notice by the Bank, any and all Liabilities created or
acquired thereafter pursuant to any previous commitments made by the Bank, any
and all extensions or renewals of any of the foregoing, any and all interest on
any of the foregoing, and any and all expenses paid or incurred by the Bank in
endeavoring to collect any of the foregoing and in enforcing this guaranty
against such Guarantor; and all of the agreements and obligations of such
Guarantor under this guaranty shall, notwithstanding any such notice of
discontinuance, remain fully in effect until all such Liabilities (including any
extensions or renewals thereof) and all such interest and expenses shall have
been paid in full. Such discontinuance by one Guarantor shall not affect the
obligations of the other Guarantor hereunder.

     The Guarantors further agrees that, if at any time all or any part of any
payment theretofore applied by the Bank to any of the Liabilities is or must be
rescinded or returned by the Bank for any reason whatsoever (including, without
limitation, the insolvency, bankruptcy or reorganization of the Debtor), such
Liabilities shall, for the purposes of this guaranty, to the extent that such
payment is or must be rescinded or returned, be deemed to have continued in
existence, notwithstanding such application by the Bank, and this guaranty shall
continue to be effective or be reinstated, as the case may be, as to such
Liabilities, all as though such application by the Bank had not been made.

     The Bank may, from time to time, at their sole discretion and without
notice to any Guarantor, take any or all of the following actions: (a) be
granted a security interest in any property to secure any of the Liabilities or
the Guaranty Obligations, (b) retain or obtain the primary or secondary
obligation of any obligor or obligors, in addition to the Guarantors, with
respect to any of the Liabilities, (c) extend or renew for one or more periods
(whether or not longer than the original period), alter or exchange any of the
Liabilities, or release or compromise any obligation of any nature of any other
obligor with respect to any of the Liabilities, (d) release its security
interest in, or surrender, release or permit any substitution or exchange for,
all or any part of any property securing any of the Liabilities or any
obligation hereunder, or extend or renew for one or more periods (whether or not
longer than the original period) or release, compromise, alter or exchange any
obligations of any nature of any obligor with respect to any such property, and
(e) resort to any Guarantor for payment of any of the Liabilities, whether or
not the Bank (i) shall have resorted to any property securing any of the
Liabilities or (ii) shall have proceeded against any other obligor primarily or
secondarily obligated with respect to any of the Liabilities including without
limitation any other Guarantor (all of the actions referred to in preceding
clauses (i) and (ii) being hereby expressly waived by each Guarantor).

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     Any amounts received by the Bank from whatsoever source on account of the
Liabilities may be applied by it toward the payment of such of the Liabilities,
and in such order of application, as the Bank may from time to time elect.

     Until such time as this guaranty shall have been discontinued and the Bank
shall have received payment of the full amount of all Liabilities and of all
obligations of the Guarantors hereunder, no payment made by or for the account
of the Guarantors pursuant to this guaranty shall entitle the Guarantors by
subrogation or otherwise to any payment by the Debtor or from or out of any
property of the Debtor and the Guarantors shall not exercise any right or remedy
against the Debtor or any property of the Debtor by reason of any performance by
the Guarantors of this guaranty.

     The Guarantors hereby expressly waive: (a) notice of the acceptance by the
Bank of this guaranty, (b) notice of the existence or creation or non-payment of
all or any of the Liabilities, (c) presentment, demand, notice of dishonor,
protest, and all other notices whatsoever, and (d) all diligence in collection
or protection of or realization upon the Liabilities or any part thereof, any
obligation hereunder, or any security for, or guaranty of, any of the foregoing.

     The Bank may, from time to time, whether before or after any discontinuance
of this guaranty, without notice to the Guarantors, assign or transfer any or
all of the Liabilities or any interest therein; and, notwithstanding any such
assignment or transfer or any subsequent assignment or transfer thereof, such
Liabilities shall be and remain Liabilities for the purposes of this guaranty,
and each and every immediate and successive assignee or transferee of any of the
Liabilities or of any interest therein shall, to the extent of the interest of
such assignee or transferee in the Liabilities, be entitled to the benefits of
this guaranty to the same extent as if such assignee or transferee were the
Bank; provided, however, that, unless the Bank shall otherwise consent in
writing, the Bank shall have an unimpaired right, prior and superior to that of
any such assignee or transferee, to enforce this guaranty, for the benefit of
the Bank, as to those of the Liabilities which the Bank has not assigned or
transferred.

     Each Guarantor hereby warrants to the Bank that such Guarantor now has, and
will continue to have independent means of obtaining information concerning the
affairs, financial condition and business of the Debtor. The Bank shall have no
duty or responsibility to provide the Guarantors with any credit or other
information concerning the affairs, financial condition or business of the
Debtor which may come into the Bank's possession.

     No delay on the part of the Bank in the exercise of any right or remedy
shall operate as a waiver thereof, and no single or partial exercise by the Bank
of any right or remedy shall preclude other or further exercise thereof or the
exercise of any other right or remedy; nor shall any modification or waiver of
any of the provisions of this guaranty be binding upon the Bank except as
expressly set forth in a writing duly signed and delivered on behalf of the
Bank. No action of the Bank permitted hereunder shall in any way affect or
impair the rights of the Bank and the obligations of the Guarantors under this
guaranty. For the purposes of this guaranty, Liabilities shall include all
obligations of the Debtor to the Bank specified as Liabilities, notwithstanding
any right

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or power of the Debtor or anyone else to assert any claim or defense as to the
invalidity or unenforceability of any such obligation, and no such claim or
defense shall affect or impair the obligations of the Guarantors hereunder, and
shall specifically include, without limitation, any and all interest, fees or
commissions included in the Liabilities and accruing or payable after the
commencement of any bankruptcy or insolvency proceedings, notwithstanding any
provision or rule of law which might restrict the rights of the Bank to collect
such obligations from the Debtor. The obligations of the Guarantors under this
guaranty shall be absolute and unconditional irrespective of any circumstance
whatsoever which might constitute a legal or equitable discharge or defense of
any Guarantor. The Guarantors hereby acknowledge that there are no conditions to
the effectiveness of this guaranty.

     This guaranty shall be binding upon each Guarantor, and upon the successors
and assigns of each Guarantor.

     Wherever possible, each provision of this guaranty shall be interpreted in
such a manner as to be effective and valid under applicable law, but if any
provision of this guaranty shall be prohibited by or invalid under such law,
such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this guaranty.

     THE VALIDITY, CONSTRUCTION AND ENFORCEABILITY OF THIS GUARANTY SHALL BE
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA, WITHOUT GIVING EFFECT
TO CONFLICT OF LAWS PRINCIPLES THEREOF, BUT GIVING EFFECT TO FEDERAL LAWS OF THE
UNITED STATES APPLICABLE TO NATIONAL BANKS.

     THE BANK (BY ACCEPTING THIS GUARANTY) AND THE GUARANTORS HEREBY EXPRESSLY
WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR
DEFEND ANY RIGHTS UNDER THIS GUARANTY OR UNDER ANY AMENDMENT, INSTRUMENT,
DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN
CONNECTION HEREWITH AND AGREE THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED
BEFORE A COURT AND NOT BEFORE A JURY.

     AT THE OPTION OF THE BANK, THIS GUARANTY MAY BE ENFORCED IN ANY FEDERAL
COURT OR MINNESOTA STATE COURT SITTING IN MINNEAPOLIS OR ST. PAUL, MINNESOTA;
AND THE GUARANTORS CONSENT TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND
WAIVES ANY ARGUMENT THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT
ANY GUARANTOR COMMENCES ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY
TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP
CREATED BY THIS GUARANTY, THE BANK, AT ITS OPTION, SHALL BE ENTITLED TO HAVE THE
CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE DESCRIBED, OR IF
SUCH TRANSFER

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CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT
PREJUDICE.

                            (signature page follows)

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SIGNED AND DELIVERED as of April 19, 2006.

                                        MADISON MORTGAGE CORPORATION

                                        By: /s/ Edward L. Terry
                                            ------------------------------------
                                        Title: President

                                        EBANK FINANCIAL SERVICES, INC.

                                        By: /s/ James L. Box
                                            ------------------------------------
                                        Title: President & CEO

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                                                                EXHIBIT 10.15(e)

   SEPARATION AGREEMENT AND GENERAL RELEASE APPLICABLE TO EXECUTIVE OFFICERS
           DELTA AIR LINES, INC. DIRECTOR AND OFFICER SEVERANCE PLAN

      1. I, ________________________ (referred to herein as "Employee", "I", or
                (Employee Name)
"me"), wish to accept the benefits being offered by Delta Air Lines, Inc.
("Delta") for which I am eligible under the Delta Air Lines, Inc. Director and
Officer Severance Plan, (the "Plan"). In agreeing to participate in the Plan, I
acknowledge I have carefully reviewed the provisions of the Plan, as well as
this Separation Agreement and General Release ("Agreement"). I believe both the
Agreement and the Plan are in my best interest and I acknowledge entering into
this Agreement voluntarily and without coercion.

      Benefits Under the Plan

      2. In exchange for voluntarily executing and returning this Agreement to
Delta within forty-five (45) days of my receipt of it, and satisfying all
eligibility criteria set forth in the Plan, Delta will provide me with the
benefits as described in the Plan, (a) subject to the required withholding and
payment of all applicable federal, state and local taxes and (b) with no tax
reimbursement by Delta related to travel privileges, if any, provided under the
Plan. I acknowledge and agree that Delta will have no obligation to provide me
with any benefits in connection with my employment relationship with Delta, or
the termination of that relationship, except as described in the Plan, as
modified by this Agreement.

      General Release and Other Agreements of Employee

      3. In exchange for the benefits which Delta is providing under this
Agreement and the Plan, I hereby agree as follows:

            a. Except for the rights and obligations provided by or arising
under this Agreement, the Delta Family-Care Survivorship and Disability Plan,
the Delta Family-Care Retirement Plan, the Delta Family-Care Savings Plan or any
right I may have to indemnification by Delta, I hereby release, acquit,
withdraw, retract and forever discharge any and all claims, or causes of action
which I now have or may have hereafter, directly or indirectly, personally or in
a representative capacity, against Delta Air Lines, Inc., and its predecessors,
successors, administrators, fiduciaries, parents, subsidiaries, plans,
affiliates, officers, directors, shareholders, representatives, agents,
employees, and all persons acting through or in connection with Delta (each a
"Released Party") by reason of any matter, conduct, claim, event, act, omission,
cause or thing whatsoever, from the beginning of time to, and including, the
date of execution of this Agreement. This General Release includes, but is not
limited to, all claims, manner of actions, and causes of action which arise
under Title VII of the Civil Rights Act of 1964, as amended; The Age
Discrimination in Employment Act of 1967, as amended; The Americans with
Disabilities Act; The

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Rehabilitation Act of 1973, as amended; The Family & Medical Leave Act; The
Worker Adjustment and Retraining Notification Act; 42 U.S.C. Sections 1981
through 1988; the Employee Retirement Income Security Act of 1974, as amended,
any other federal, state or local statute or ordinance respecting discriminatory
hiring or employment practices or civil rights laws based on protected class
status; common law claims of intentional or negligent infliction of emotional
distress, defamation, negligent hiring, breach of contract, breach of the
covenant of good faith and fair dealing, promissory estoppel, negligence, or
wrongful termination of employment; and all other claims of any type or nature,
including any claim in contract or tort, and including any claim for attorneys'
fees. I understand and intend that this General Release shall discharge all
claims against the Released Parties to the extent permitted by law, but shall
not discharge claims arising out of any events which may occur after the date of
execution of this Agreement.

            b. Except as necessary to enforce the terms of this Agreement, I
agree that neither I, nor anyone acting on my behalf, will sue any Released
Party concerning any of the matters covered by this Agreement. In the event that
I sue, or anyone acting on my behalf sues, any Released Party concerning any of
the matters covered by this Agreement, I will hold each Released Party harmless
from any claim asserted in such lawsuit and will accept no payment or other
benefit as a result of such lawsuit or any settlement thereof.

      4. This Agreement is not to be construed in any way as an admission by any
of the Released Parties that they have violated any federal, state, or local
law, ordinance, regulation, or policy.

      5. I understand that there may be numerous, valuable rights under federal
and state law, including rights under the Age Discrimination Employment Act of
1967, as amended, 29 U.S.C. Section 621, et seq., which I am waiving by
executing this Agreement. In connection with this, I hereby certify that:

            a. This Agreement and the Plan are written in a manner that is
understandable to me;

            b. I am receiving valuable consideration under this Agreement to
which I would not otherwise be entitled;

            c. I have been advised in writing to consult with an attorney prior
to executing this Agreement;

            d. I understand that this Agreement is a general release of Delta
and the other Released Parties from any past or existing claim or potential
claim including any claim or potential claim relating to my employment
relationship with Delta, and termination of that relationship;

            e. I have been given a period of forty-five (45) days in which to
consider whether to sign this Agreement and to consult with an attorney,
accountant, tax

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advisor, spouse, or any other person. I have either used this full forty-five
(45) day period to consider this Agreement, or have voluntarily chosen to
execute this Agreement before the end of that period;

            f. I understand that I am eligible for the benefits described in the
Plan due to organizational or other business change at Delta. I have been given,
in writing, information as to the ages of those Executive Vice Presidents who
are being afforded the opportunity to participate in this Plan due to these
factors at this time. That information is contained in Attachment A hereto. I
also understand that certain Executive Vice Presidents are not eligible to
participate in the Plan due to these factors at this time. That information is
contained in Attachment B hereto. In addition, I understand I may review written
information identifying the job title and age of each officer and director at
Delta who has been afforded the opportunity to participate in this Plan, as well
as each officer and director who has not been given the opportunity to
participate in this Plan, by submitting a written request for that information
to Michael S. Medeiros, Delta Air Lines, Inc., Department 216, P.O. Box 20706,
Atlanta, Georgia 30320-6001. Finally, I certify that I have received, in
writing, a disclosure as to the eligibility factors and time limits applicable
to this Plan.

            g. I understand I have seven (7) days after signing this Agreement
to revoke this Agreement. To revoke this Agreement, I must notify Delta of the
intent to revoke through a signed statement received by Michael S. Medeiros,
Delta Air Lines, Inc., Department 216, P.O. Box 20706, Atlanta, Georgia
30320-6001 within seven (7) days of the date I sign this Agreement. This
Agreement will not take effect until the eighth day after its execution, but if
not revoked within the seven (7) day period, this Agreement shall be fully
effective and enforceable thereafter.

      Agreements and Representations of Employee

      6. I agree that all property belonging to Delta, including records, files,
memoranda, reports, personnel information (including benefit files, training
records, customer lists, operating procedure manuals, safety manuals, financial
statements, price lists and the like), relating to the business of Delta, which
I have come in contact with in the course of my employment (hereinafter the
"Delta's Materials") shall, as between the parties hereto, remain the sole
property of Delta. I hereby warrant that I have returned all originals and
copies of Delta's Materials to Delta.

      7. I agree that I shall, to the extent requested in writing and reasonable
under the circumstances, cooperate with and serve in any capacity requested by
Delta in any pending or future litigation in which Delta has an interest, and
regarding which I, by virtue of my employment with Delta, have knowledge or
information relevant to the litigation. Delta shall reimburse me for reasonable
and necessary out-of-pocket expenses that I incur in connection with such
cooperation.

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      Confidentiality

      8. I agree that during the term of my employment with Delta, I have
acquired knowledge of confidential and proprietary information regarding, among
other things, Delta's present and future operations, its financial operations,
marketing plans and strategies, alliance agreements and relationships, its
compensation and incentive programs for employees, and the methods used by Delta
and its employees. I hereby agree that I will hold in a fiduciary capacity for
the benefit of Delta, and shall not directly or indirectly use or disclose, any
"Trade Secret," as defined under Georgia law, that I may have acquired during
the term of my employment by Delta for so long as such information remains a
Trade Secret.

      9. I further agree that I do and will continue to hold in a fiduciary
capacity for the benefit of Delta, and shall not directly or indirectly use or
disclose, any Confidential or Proprietary Information, as defined hereinafter,
that I may have acquired (whether or not developed or compiled by me and whether
or not I was authorized to have access to such Confidential or Proprietary
Information) during the term of, in the course of, or as a result of my
employment by Delta. Subject to the provisions set forth below, the term
"Confidential or Proprietary Information" as used in this Agreement means the
following secret, confidential and proprietary information of Delta not
otherwise included in the definition of Trade Secret under Georgia law: all
marketing, alliance, advertising and sales strategies, all pricing information,
all financial, advertising and product development plans, all compensation and
incentive programs for employees, all alliance agreements, plans and processes,
and all lists of actual or potential customers or suppliers maintained by Delta.
The term "Confidential and Proprietary Information" does not include information
that has become generally available to the public by the act of one who has the
right to disclose such information.

      10. Employee Non-Solicitation Agreement. For the period of one year
immediately following the cessation of my employment with Delta, I shall not
directly or indirectly (on my own behalf or on behalf of any other person,
company, partnership, corporation or other entity), employ or solicit for
employment any individual who is a management employee of Delta, or who left a
management position at Delta within the six (6) months prior to my employment of
that individual. The restrictions set forth in this Paragraph shall be limited
to those Delta management employees who: (i) were employed by Delta during my
employment in a supervisory or administrative job; and (ii) with whom I had
material professional contact during my employment with Delta.

      11. Non-Competition Agreement. During my Severance Period (as defined in
the Plan), I will not on my own behalf or on behalf of any person, firm,
partnership, association, corporation or business organization, entity or
enterprise, provide [insert description of principal services provided by
Employee to Delta], as an employee, consultant, partner, or in any other
capacity to any of the following entities, which I acknowledge is a competitor
of Delta Air Lines: AMR Corporation, American Airlines, Inc., Continental
Airlines, Inc., Southwest Airlines Co., UAL Corporation, United Air

                                  Page 4 of 6

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Lines, Inc., Jet Blue Airways, Inc., AirTran Airways, Inc., Northwest Airlines,
Inc. This restriction shall only apply to the extent that I am providing
services to the competitor: (a) while working within a fifty (50) mile radius of
the city limits of Atlanta, Georgia; or (b) while working out of or within a
fifty (50) mile radius of the corporate headquarters of the competitor to whom I
am providing services

      12. Customer Non-Solicitation Agreement. During my Severance Period (as
defined in the Plan), I shall not directly or indirectly (on my own behalf or on
behalf of any other person, company, partnership, corporation or other entity),
solicit any Corporate Customer of Delta for the purpose of selling that customer
corporate discount airline travel services, that I provided to that customer on
behalf of Delta (either directly or because I was directly responsible for the
supervision and coordination of providing those services on behalf of Employer)
during the last twenty-four (24) months of my employment. For purposes of this
Paragraph, Corporate Customer shall be defined as any customer to whom Delta
provides airline passenger or cargo services, with the exception of individual
persons and travel agents.

      13. Arbitration; Remedy; Violation of Non-Competition Agreement. Except as
expressly set forth below, after exhaustion of any administrative appeals
required under the terms of the Plan, any dispute or controversy as to the
interpretation, construction, application or enforcement of, or otherwise
arising under or in connection with this Agreement, shall be submitted for
mandatory, final and binding arbitration in the City of Wilmington, Delaware, in
accordance with the commercial arbitration rules then prevailing of the American
Arbitration Association. In this regard, I hereby waive the right to submit any
controversy or dispute to a Court and/or a jury. Any award rendered by the
arbitrator shall provide the full remedies available to the parties under the
applicable law, including injunctive relief, and shall be final and binding on
each of the parties hereto and their heirs, executors, administrators,
successors and assigns and judgment may be entered thereon in any court having
jurisdiction. The prevailing party in any such arbitration shall be entitled to
an award by the arbitrator of all reasonable attorneys' fees and expenses
incurred in connection with the arbitration. I hereby acknowledge and agree that
Delta's remedy at law for any breach of the covenants contained in Paragraphs 9,
10 or 12 would be inadequate and that for any breach of any such covenant, Delta
shall, in addition to other remedies as may be available to it at law or in
equity, or as provided for in this Agreement, be entitled to an injunction,
restraining order or other equitable relief, without the necessity of posting a
bond, restraining me from continuing to commit any violation of the covenants.
Furthermore, I agree that without limiting the foregoing, should I violate the
Non-Competition Agreement set forth in Paragraph 11 above, I (a) shall not be
entitled to and shall fully forfeit any benefits under the Plan (b) shall return
all Severance Pay (as defined in the Plan) benefits I have received under the
Plan; and (c) shall fully reimburse Delta and/or the Plan for all expenses
incurred and/or payments made by Delta and/or the Plan to provide all other
benefits I have received under the Plan, including but not limited to all
medical, dental

                                  Page 5 of 6

<PAGE>

and life insurance benefits; travel benefits; and career transition and
financial planning services.

      14. Governing Law. Unless governed by federal law, this Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware,
without regard to principles of conflicts of laws of that State. In the event
that one or more of the provisions contained in this Agreement shall for any
reason be held invalid, illegal, or unenforceable in any respect, that such
holding shall not affect any other provisions in this Agreement, but this
Agreement shall be construed as if such invalid, illegal, or unenforceable
provisions had never been contained herein.

      15. No Statements. I agree that I will not make any oral or written
statement to the media, in any public forum, or to any business competitive with
Delta, concerning any actions or inactions by Delta, or any of its present or
former subsidiaries or affiliates or any of its present or former officers,
directors or employees, relative to Delta's compliance with any state, federal
or local law or rule. I further agree that I will not make any oral or written
statement or take any other action which disparages or criticizes Delta, or any
of its present or former subsidiaries or affiliates or any of its present or
former officers, directors or employees, including, but not limited to any such
statement which damages Delta's good reputation or impairs its normal
operations. I further agree that I will not initiate or solicit claims against
the Delta, or otherwise directly or indirectly encourage or support any claim
that has been or in the future is asserted by a third party against Delta.

      16. Severability. In the event any provision of this Agreement should be
held to be unenforceable, each and all of the other provisions of this Agreement
shall remain in full force and effect.

      17. Entire Agreement. This Agreement sets forth the entire Agreement
between me and Delta and supersedes any other written or oral agreement. No
representations, statements, or inducements have been made to me concerning this
Agreement other than the representations and statements contained and
memorialized in this Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement on the
______ day of _________, ________.
(date)         (month)    (year)

                                      __________________________________________
                                                  (Employee signature)

                                      __________________________________________
                                      Robert L. Kight
                                      Vice President - Compensation and Benefits
                                      Delta Air Lines, Inc.

                                  Page 6 of 6

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