We investigate the influence of high-order dispersion and nonlinearity on the propagation of ultraslow optical solitons in a lifetime broadened four-state atomic system under a Raman excitation. Using a standard method of multiple-scales we derive a generalized nonlinear Schrödinger equation and show that for realistic physical parameters and at the pulse duration of 10(-6)s, the effects of third-order linear dispersion, nonlinear dispersion, and delay in nonlinear refractive index can be significant and may not be considered as perturbations. We provide exact soliton solutions for the generalized nonlinear Schrödinger equation and demonstrate that optical solitons obtained may still have ultraslow propagating velocity. Numerical simulations on the stability and interaction of these ultraslow optical solitons in the presence of linear and differential absorptions are also presented.