<SEC-DOCUMENT>0001387131-23-004625.txt : 20230412
<SEC-HEADER>0001387131-23-004625.hdr.sgml : 20230412
<ACCEPTANCE-DATETIME>20230412130412
ACCESSION NUMBER:		0001387131-23-004625
CONFORMED SUBMISSION TYPE:	DEFC14A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20230411
DATE AS OF CHANGE:		20230412

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWIND, INC.
		CENTRAL INDEX KEY:			0001120370
		STANDARD INDUSTRIAL CLASSIFICATION:	NONFERROUS FOUNDRIES (CASTINGS) [3360]
		IRS NUMBER:				880409160
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFC14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34278
		FILM NUMBER:		23815227

	BUSINESS ADDRESS:	
		STREET 1:		3240 S. CENTRAL AVENUE
		CITY:			CICERO
		STATE:			IL
		ZIP:			60804
		BUSINESS PHONE:		708-780-4800

	MAIL ADDRESS:	
		STREET 1:		3240 S. CENTRAL AVENUE
		CITY:			CICERO
		STATE:			IL
		ZIP:			60804

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROADWIND ENERGY, INC.
		DATE OF NAME CHANGE:	20080304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TOWER TECH HOLDINGS INC.
		DATE OF NAME CHANGE:	20060210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKFOOT ENTERPRISES INC
		DATE OF NAME CHANGE:	20000726

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WM Argyle Fund, LLC
		CENTRAL INDEX KEY:			0001924978
		IRS NUMBER:				881704339
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFC14A

	BUSINESS ADDRESS:	
		STREET 1:		635 FLORENCE DRIVE
		CITY:			ELM GROVE
		STATE:			WI
		ZIP:			53122
		BUSINESS PHONE:		262-705-3180

	MAIL ADDRESS:	
		STREET 1:		635 FLORENCE DRIVE
		CITY:			ELM GROVE
		STATE:			WI
		ZIP:			53122
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFC14A
<SEQUENCE>1
<FILENAME>broadwind-defc14a_052323.htm
<DESCRIPTION>DEFINITIVE PROXY SATTEMENT
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SCHEDULE
14A<BR>
Proxy Statement Pursuant to Section&nbsp;14(a)<BR>
of the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
by the Registrant &#9744;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
by a Party other than the Registrant &#9746;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
the appropriate box:</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary
Proxy Statement</FONT></TD>
</TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Confidential,
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></TD>
</TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
Proxy Statement</FONT></TD>
</TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
Additional Materials</FONT></TD>
</TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
Material Under Rule 14a-12</FONT></TD>
</TR></TABLE>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broadwind,
Inc.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name
of Registrant as Specified In Its Charter)</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WM
Argyle Fund, LLC</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Jay
Douglas Armburger</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ryan
Bogenschneider</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Christine
M. Candela</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>James
M. Robinson IV</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment
of Filing Fee (check the appropriate box):</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
fee required.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee
paid previously with preliminary materials.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee
computed on table in exhibit required by Item 25(b) per Exchange Act Rules&nbsp;14a-6(i)(1) and 0-11.</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>BROADWIND,
INC.</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ANNUAL
MEETING OF STOCKHOLDERS</B><BR>
<B>MAY 23, 2023</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
<HR COLOR="Black" ALIGN="CENTER" NOSHADE SIZE="1" STYLE="width: 25%; margin-top: 3pt; margin-bottom: 3pt">

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROXY
STATEMENT</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OF</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WM
ARGYLE FUND, LLC</FONT></P>


<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

<HR COLOR="Black" ALIGN="CENTER" NOSHADE SIZE="1" STYLE="width: 25%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PLEASE USE THE ENCLOSED <U>GREEN</U> UNIVERSAL
PROXY CARD TO VOTE BY TELEPHONE OR INTERNET TODAY. ALTERNATIVELY, YOU MAY SIGN, DATE AND RETURN THE ENCLOSED <U>GREEN</U> UNIVERSAL PROXY
CARD BY MAIL IN THE POSTAGE-PAID ENVELOPE PROVIDED.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This Proxy Statement (this &ldquo;Proxy Statement&rdquo;)
and the enclosed <B><U>GREEN</U></B> universal proxy card are being furnished by WM Argyle Fund, LLC (&ldquo;Argyle&rdquo;, &ldquo;we&rdquo;
or &ldquo;us&rdquo;) and the nominees named in Proposal&nbsp;1 (the &ldquo;Nominees&rdquo; and, together with Argyle and Jay Douglas Armburger,
the &ldquo;Participants&rdquo;) in connection with the solicitation of proxies from the stockholders of Broadwind, Inc., a Delaware corporation
(&ldquo;Broadwind &rdquo; or the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We are one of the largest stockholders of Broadwind,
holding a 207,200 share stake in the Company. We built this position after watching the Company underperform for many years despite its
potential. Over the last eight months, we have been trying to work with the Company&rsquo;s Board of Directors (the &ldquo;Board&rdquo;) to discuss
significant performance issues that we believe must be addressed so the Company can achieve its potential. Namely, they have not acted
with urgency to make the Company profitable, are burning cash at an unsustainable rate, have diluted stockholders through equity raises
and have incurred debt to fund the cash burn. Unfortunately, they have not been willing to engage in substantive discussions with us regarding
these issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">While the two-year, $175 million wind tower
order is welcome news, the Board has not demonstrated a track record of success that would make us believe they can capitalize on the
opportunities presented by the Inflation Reduction Act (IRA). Broadwind&rsquo;s fabrication business has historically been the best performing
business unit; however, it could not offset the bloated overhead and losses generated by the other business units. We believe there is
significant execution risk moving forward, and we question the Board&rsquo;s ability to manage all aspects of the Company to the benefit of
its stockholders.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">It is our honor to be firmly aligned with you
as a fellow stockholder and to seek to represent your interests in the boardroom. We believe in the long-term value that can be unlocked
at Broadwind. Accordingly, we have decided to exercise our right as a stockholder to nominate a slate of three highly qualified director
candidates for election to the Board at the Annual Meeting. This letter is intended to convey three key points that are expanded upon
in subsequent sections:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">From our perspective, the facts pertaining to Broadwind governance, operations,
performance and strategy indicate immediate boardroom change is in the stockholders&rsquo; best interests.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">We believe a reconfigured Board can implement a new strategy for evolving
Broadwind from an underperforming manufacturing business to a diversified, growing and profitable clean-tech and mission critical equipment
platform.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">We want to apply our nominees&rsquo; unique track record of success in manufacturing
businesses to lead a transformation of Broadwind in the public market.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Our decision to nominate a slate of director
candidates is about creating sustained value for all Broadwind stockholders. To be clear, we are not seeking to acquire all or part of
the Company. We are not seeking to take any steps that are counter to your interests. We are investing our own energy, capital and time
in a campaign to ignite a brighter future for all of the Company&rsquo;s stakeholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Our director nominees have a track record of
success and operational execution. They all have a background working at Bucyrus International. Bucyrus was a successful global mining
equipment company that was sold to Caterpillar (CAT) for $7.6 billion in 2011. Bucyrus excelled at manufacturing large fabrications and
gearing. These products are central to what Broadwind is built upon. Furthermore, Bucyrus grew significantly in the span of a decade through
organic growth and prudent acquisitions. This is the approach and track record we can bring to Broadwind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We therefore ask that you please vote consistent
with our recommendations for the proposals below (each, a &ldquo;Proposal&rdquo; and, collectively, the &ldquo;Proposals&rdquo;) at the upcoming
Broadwind 2023 annual meeting of stockholders (the &ldquo;Annual Meeting&rdquo;). The Company has not yet publicly disclosed the date, time
and location of the Annual Meeting. Once the Company publicly discloses such date, time and location, the Participants intend to supplement
this Proxy Statement with such information and file revised definitive materials with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;).</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%"><FONT STYLE="font-size: 10pt"><B><U>Proposal</U></B></FONT></TD>
    <TD STYLE="width: 64%">&nbsp;</TD>
    <TD STYLE="width: 24%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Our Recommendation</U></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">1.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To elect Argyle&rsquo;s slate of three director nominees &mdash; Ryan Bogenschneider, Christine M. Candela and James M. Robinson IV (collectively, the &ldquo;Nominees&rdquo;) &mdash; and all of the Company&rsquo;s nominees other than Cary B. Wood, David&nbsp;P. Reiland and Thomas A. Wagner (the &ldquo;Opposed Company Nominees&rdquo;), each to serve as directors and hold office until the annual meeting of stockholders to be held in 2024 and until their respective successors are duly elected and qualified.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">FOR ALL of the Nominees and all of the Company&rsquo;s nominees other than the Opposed Company Nominees </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">2.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To cast a non-binding advisory vote to approve the compensation of the Company&rsquo;s named executive officers (&ldquo;<I>Say-on-Pay</I>&rdquo; vote).</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">AGAINST</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">3.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To cast a non-binding advisory vote to approve the frequency of future Say-on-Pay votes.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">FOR &ldquo;One Year&rdquo;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">4.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To cast a vote to approve a third amendment to the Amended and Restated Broadwind, Inc. 2015 Equity Incentive Plan, as previously amended (the &ldquo;Equity Incentive Plan&rdquo;), to increase the number of shares of Common Stock available for awards under such plan.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">AGAINST</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">5.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To ratify the appointment of RSM US LLP (&ldquo;RSM&rdquo;) as the Company&rsquo;s independent registered public accounting firm for 2023.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">FOR</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">6.</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">To consider and act upon such other matters as may properly come before the Annual Meeting and any adjournments or postponements thereof.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Through this Proxy Statement and the enclosed
<B><U>GREEN</U></B> universal proxy card, we are soliciting proxies to elect the three Nominees named herein to serve as directors, who,
if elected, would constitute 50% of the Board. Broadwind has nominated its own set of directors for re-election at the Annual Meeting.
If successful in our proxy solicitation, the Board will be composed of our three Nominees and the three Company nominees who are not Opposed
Company Nominees. You will be able to find the names, backgrounds and qualifications of the Company&rsquo;s nominees, and other information
about them in the Company&rsquo;s proxy statement filed with the SEC on April&nbsp;7,
2023 (the &ldquo;Company&rsquo;s Proxy Statement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This Proxy Statement and <B><U>GREEN</U></B>
universal proxy card are first being mailed or given to the Company&rsquo;s stockholders on or about April&nbsp;11,
2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company has set the record date for determining
stockholders entitled to notice of and to vote at the Annual Meeting (the &ldquo;Record Date&rdquo;) as April&nbsp;6,
2023. Stockholders of record at the close of business on the Record Date will be entitled to vote at the Annual Meeting. At the close
of business on the Record Date, there were 20,921,407 shares of the Company&rsquo;s common stock, $0.001 par value (the &ldquo;Common Stock&rdquo;), outstanding according to the Company&rsquo;s
Proxy Statement. As of the Record Date, the Participants beneficially owned 207,200 shares of Common Stock in the aggregate, as further
described on Annex I.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Participants represent that (i) they intend
to, or are part of a group which intends to, deliver a proxy statement and form of proxy to holders of at least the percentage of the
Company&rsquo;s outstanding capital stock required to elect the Nominees at the Annual Meeting, and (ii) they intend to, or are part of a group
which intends to, solicit the holders of shares representing at least 67% of the voting power of shares entitled to vote on the election
of directors in support of the Nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Argyle and the Company will each be using a
universal proxy card for voting on the election of directors at the Annual Meeting, which will include the names of all nominees for election
to the Board. Stockholders will have the ability to vote for up to seven nominees on Argyle&rsquo;s enclosed <B><U>GREEN</U></B> universal proxy
card. There is no need to use the Company&rsquo;s white proxy card or voting instruction form, regardless of how you wish to vote. Stockholders
are permitted to vote for any combination (up to seven total) of the Nominees and the Company&rsquo;s nominees on the <B><U>GREEN</U></B> universal
proxy card.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We urge you to use the enclosed <B><U>GREEN</U></B>
universal proxy card to vote by telephone or the Internet by following the instructions on the card. Your vote is important, and due to
ongoing delays in the postal system, we are encouraging stockholders to submit their proxies electronically if possible. Alternatively,
if you do not have access to a touch-tone telephone or the Internet, please sign, date and return the <B><U>GREEN</U></B> universal proxy
card in the postage-paid envelope provided. Please vote &ldquo;<B>FOR ALL</B>&rdquo; of the Nominees and for the Company&rsquo;s nominees other
than the Opposed Company Nominees on the <B><U>GREEN</U></B> universal proxy card.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>This proxy solicitation is being made by
Argyle and the Nominees, and not on behalf of the Board or management of the Company or any other third party</B>. We are not aware of
any other matters to be brought before the Annual Meeting other than as described herein. Should other matters be brought before the Annual
Meeting, the persons named as proxies in the enclosed <B><U>GREEN</U></B> universal proxy card will vote on such matters in their discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>If you have already voted using the Company&rsquo;s
white proxy card, you have every right to change your vote by using the enclosed <U>GREEN</U> universal proxy card to vote again by telephone
or the Internet by following the instructions on the <U>GREEN</U> universal proxy card. Alternatively, you may sign, date and return the
enclosed <U>GREEN</U> universal proxy card in the postage-paid envelope provided</B>. Only the latest validly executed proxy that you
submit will be counted; any proxy may be revoked at any time prior to its exercise at the Annual Meeting by following the instructions
under &ldquo;Can I change my vote or revoke my proxy?&rdquo; in the Questions and Answers section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>If your shares are held in the name of a
brokerage firm, bank, bank nominee or other institution on the Record Date, only that institution can vote those shares and only upon
receipt of your specific instructions. Accordingly, please contact the person responsible for your account and instruct that person to
sign and return on your behalf the <U>GREEN</U> universal proxy card as soon as possible.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We believe that voting on the <B><U>GREEN</U></B>
universal proxy card provides the best opportunity for stockholders to elect all of the Nominees and achieve the best Board composition.
We therefore urge stockholders to use our <B><U>GREEN</U></B> universal proxy card to vote <B>&ldquo;FOR&rdquo; </B>our three Nominees and
for the Company&rsquo;s three nominees other than the Opposed Company Nominees. The Company&rsquo;s three nominees other than the Opposed Company
Nominees are referred to hereafter as the &ldquo;Acceptable Company Nominees.&rdquo; <B>YOU MAY VOTE &ldquo;FOR&rdquo; UP TO SEVEN NOMINEES
IN TOTAL. IF YOU VOTE ON AT LEAST ONE NOMINEE BUT FEWER THAN SEVEN NOMINEES IN PROPOSAL 1 ON ARGYLE&rsquo;S <U>GREEN</U> UNIVERSAL PROXY CARD,
YOUR SHARES WILL ONLY BE VOTED &ldquo;FOR&rdquo; THOSE NOMINEES YOU HAVE SO MARKED. IF YOU VOTE &ldquo;FOR&rdquo; MORE THAN SEVEN NOMINEES,
ALL OF YOUR VOTES ON PROPOSAL 1 WILL BE INVALID AND WILL NOT BE COUNTED.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>For instructions on how to vote and other
information about the proxy materials, see the Questions and Answers section starting on page&nbsp;20.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #A6A6A6">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">YOUR VOTE IS IMPORTANT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">We urge you to submit your vote on the
<U>GREEN</U> universal proxy card via the Internet or by telephone as soon as possible. Due to ongoing delays in the postal system, we
encourage you to vote electronically. If you do not have access to a touch-tone phone or the Internet, you may sign, date and return the
enclosed <U>GREEN</U> universal proxy card in the postage-paid envelope provided.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">For additional instructions for each of
these voting options, please refer to the enclosed <U>GREEN</U> universal proxy card.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">If you have any questions or require any
assistance with voting your shares, please contact our proxy solicitor:</P>

<P STYLE="font: bold 9pt Sans-Serif; margin: 0 0 12pt; text-align: center; color: Red"><IMG SRC="image_001.gif" ALT=""></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">19 Old Kings Highway S, Suite 130</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Darien, CT 06820</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Stockholders call toll-free: (877) 972-0090</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Banks and brokers call collect: (203) 972-9300<BR>
E-mail: proxy@investor-com.com</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Important Notice Regarding the Availability
of Proxy Materials for the Annual Meeting&mdash;This Proxy Statement and our <U>GREEN</U> universal proxy card are available at https://bwen.qesreports.com/Broadwind.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">BACKGROUND OF THIS PROXY SOLICITATION</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Argyle&rsquo;s Engagement with the Company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Ryan Bogenschneider, Argyle&rsquo;s Chief Executive
Officer, has a long-standing interest in Broadwind and its success. Between December 2015 and March 2016, prior to the founding of Argyle,
Mr. Bogenschneider and two other former Bucyrus International executives with significant experience in the Company&rsquo;s lines of business,
met (including phone calls) or exchanged emails with members of the Company&rsquo;s management team and Board to discuss issues with the
Company&rsquo;s performance, including operations, financial performance and other aspects of its business. Mr. Bogenschneider and the
two other former Bucyrus International executives were provided with broad access to evaluate the Company. Following this evaluation,
Mr. Bogenschneider provided the Board with a report in March 2016 describing their findings and recommended actions. While the Company
requested additional information and assistance from Mr. Bogenschneider and the two other former Bucyrus International executives, the
Company and Mr. Bogenschneider were unable to come to terms for further involvement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Following these discussions, Mr. Bogenschneider
continued to periodically monitor the Company&rsquo;s performance and observed the Company&rsquo;s failure to address the issues he had identified.
As a result, in April 2022, Mr. Bogenschneider founded Argyle as an investment fund specifically created to invest in and revitalize Broadwind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Prior to undertaking our decision to nominate
our own slate of directors, we reached out to the Board to discuss our concerns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On July 5, 2022, Mr. Bogenschneider emailed
David P. Reiland, a member of the Board, to express an interest in communicating with the members of the Board to discuss the Company&rsquo;s
performance in a friendly and cooperative manner as occurred in 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On July 6, 2022, Eric B. Blashford, the Company&rsquo;s
President and Chief Executive Officer, called Mr. Bogenschneider to discuss Argyle&rsquo;s background and Mr. Blashford requested a copy of
the report on the Company that Mr. Bogenschneider had originally prepared in March 2016. Mr.&nbsp;Bogenschneider provided a copy of such
report to Mr. Blashford on July 6, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On July 15, 2022, Mr. Blashford sent an email
to Mr. Bogenschneider requesting that Argyle prepare a proposal for the Board&rsquo;s consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On July 25, 2022, Argyle sent a letter to the
Board with a proposal to discuss the composition of the Board and requesting a meeting to discuss the issues we had identified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On August 3, 2022, Mr. Blashford sent a letter
to Mr. Bogenschneider requesting information regarding Argyle&rsquo;s ownership of Common Stock. Mr. Bogenschneider responded with letters to
the Board on August 4, 2022 and August 17, 2022. After receipt of those letters, Mr. Blashford responded and scheduled a call with Mr.
Bogenschneider on August&nbsp;25, 2022. This call did not result in any substantive engagement, and Mr. Blashford declined to discuss
any of the topics we proposed in any significant detail.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On September 2, 2022, Mr. Blashford sent a
letter to Argyle confirming that the matters discussed during the August&nbsp;25, 2022 call had been relayed to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On September&nbsp;30, 2022, after not receiving
a response from the Board, Mr. Bogenschneider sent a letter to the Board expressing disappointment with the August 25 call, outlining
a number of corporate governance, business and other issues with respect to the Board&rsquo;s stewardship of the Company, and providing names
and biographical information regarding a number of persons for the Company to consider for membership on the Board, including the Nominees.
Mr. Bogenschneider requested a meeting with the Board to occur before October 14, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On October&nbsp;12, 2022, Mr. Blashford sent
a letter to Mr. Bogenschneider stating that the Board did not believe it was in the best interests of the Company to pursue the addition
of Argyle&rsquo;s nominees to the Board or engage in further discussions at that time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">After rejecting consideration of Argyle&rsquo;s proposed
nominees and refusing to have a meeting with Argyle to discuss the issues raised, the Board unilaterally appointed a new director on November
2, 2022. In their rush to appoint a new director, they failed to find a candidate that brings new experience and simply duplicated experience
already found on the Board. We viewed this appointment as a reactionary decision by the Board that only served to underscore our governance
concerns, and on November 4, 2022, Argyle sent a letter to the Board expressing its disapproval of the appointment of a new director without
considering the potential nominees that Argyle had suggested and indicating that Argyle intends to nominate its <FONT STYLE="color: #222222">own
slate of directors the 2023 annual meeting of stockholders</FONT>. No response from the Company was received.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Therefore, given the foregoing and Argyle&rsquo;s continued
concern regarding the lack of substantive discussion and engagement with the Board, on January&nbsp;18, 2023, Argyle delivered a notice
(the &ldquo;Nomination Notice&rdquo;) to the Company in accordance with the advance notice requirements of the Company&rsquo;s Bylaws, informing
it of Argyle&rsquo;s intention to nominate six nominees for election to the Board, consisting of Jay Douglas Armburger, Ken Bergman, Mr. Bogenschneider,
Christine Candela, Kristina Harrington and James Robinson IV. On January&nbsp;18, 2023, Argyle also issued a press release and launched
a website (www.bwen2023.com) to provide Company stockholders with information as to why Argyle believes that electing its nominees to
the Board would help the Company turn around its performance and create long-term stockholder value, including a detailed plan for revitalizing
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 19, 2023, the Company issued a press release
announcing that it had received the Nomination Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 24, 2023, the Company delivered written
notice to Argyle asserting that the Nomination Notice failed to comply with certain provisions of the Company&rsquo;s Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Although Argyle disputed that any of the points raised
by the Company in its January 24, 2023, notice constituted a failure to comply with the Company&rsquo;s Bylaws, on January 25, 2023, Argyle
sent a supplement to the Nomination Notice to the Company to address the points raised in the Company&rsquo;s notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 3, 2023, the Company delivered a written
notice to Argyle asserting that the Nomination Notice, as supplemented, contained two deficiencies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 7, 2023, Argyle sent the Company an additional
supplement to the Nomination Notice addressing points in the Company&rsquo;s February 3 letter and disputing that there were any deficiencies
in the Nomination Notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In its communications to the Company, Argyle had consistently
expressed a willingness to engage in constructive dialog regarding Arygle&rsquo;s plans for the Company. On February 15, 2023, the Company&rsquo;s
counsel proposed a call between Argyle&rsquo;s counsel and the Company&rsquo;s counsel to discuss exploring a cooperation framework, and on February
16, 2023, this call between Argyle&rsquo;s counsel and the Company&rsquo;s counsel took place.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 18, 2023, Argyle&rsquo;s counsel met with the
Company&rsquo;s counsel via telephone to continue discussions. In an effort to determine if the parties could find common ground, Argyle&rsquo;s
counsel made an initial proposal to the Company&rsquo;s counsel, which the Company&rsquo;s counsel indicated would not be acceptable to
the Company. During this call, Argyle&rsquo;s counsel referred to Argyle&rsquo;s published materials (including the information on Argyle&rsquo;s
website, www.bwen2023.com) for details about Argyle&rsquo;s plans for the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 20, 2023, Argyle&rsquo;s counsel met with
the Company&rsquo;s counsel via telephone to continue discussions. During this call, to continue in Argyle&rsquo;s efforts to advance a cooperative
framework, Argyle&rsquo;s counsel made a revised proposal to the Company&rsquo;s counsel. At this point, the Company&rsquo;s counsel still had
not made any proposal of its own.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 28, 2023, Argyle&rsquo;s counsel met with
the Company&rsquo;s counsel via telephone to continue discussions. The Company&rsquo;s counsel presented a settlement offer to Argyle&rsquo;s
counsel for consideration which Argyle&rsquo;s counsel indicated would not be acceptable to Argyle. Argyle&rsquo;s counsel subsequently emailed
a counteroffer to the Company&rsquo;s counsel that reflected an effort to compromise from Argyle&rsquo;s earlier proposals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 2, 2023, Argyle sent a letter to the Company
pursuant to Section 220 of the Delaware General Corporation Law requesting access to certain information relating to the Company and its
stockholders (the &ldquo;Section 220 Demand&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 3, 2023, the Company&rsquo;s counsel sent an email
to Argyle&rsquo;s counsel proposing that two of Argyle&rsquo;s nominees, Christine Candela and Kristina Harrington, meet with members of the
Board and to complete D&amp;O Questionnaires. Later that day, Argyle&rsquo;s counsel responded to the Company&rsquo;s counsel and asked
for clarification regarding the intent for the Company&rsquo;s request to meet with Ms. Candela and Ms. Harrington and request for D&amp;O
Questionnaires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 7, 2023, the Company sent written notice
to Argyle pursuant to Rule 14a-19 under the Exchange Act stating that the Company intends to nominate six persons, consisting of Eric
B. Blashford, Philip J. Christman, David P. Reiland, Sachin M. Shivaram, Thomas A. Wagner and Cary B. Wood, for election to the Board
of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 7, 2023, the Company&rsquo;s counsel reiterated
the Company&rsquo;s March 3, 2023, proposal without providing any additional details and proposed a call to discuss the Company&rsquo;s proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 9, 2023, Argyle&rsquo;s counsel and the Company&rsquo;s
counsel met via telephone to further discuss the possibility of finding a cooperative framework. During this call, the Company&rsquo;s counsel
described the Board&rsquo;s offer to meet with Ms. Candela and Ms. Harrington but did not make any specific settlement proposal. Argyle&rsquo;s
counsel indicated that while Argyle would likely be disappointed that the Company had not made a concrete proposal to try to bridge the
gap between the parties, Argyle would consider the Company&rsquo;s offer for interviews and request for D&amp;O Questionnaires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 10, 2023, Argyle entered into a Confidentiality
Agreement related to the stockholder information sought by Argyle in its March 2 letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 10, 2023, the Company&rsquo;s counsel first provided
Argyle&rsquo;s counsel with copies of D&amp;O Questionnaires. Later that day, Argyle&rsquo;s counsel notified the Company&rsquo;s counsel
that Argyle was frustrated with the lack of progress in negotiations and proposed that prior to arranging any meetings between any Argyle
nominees and the Board, there should be a meeting between Mr. Wood and Mr. Bogenschneider to discuss the process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 13, 2023, in response to Mr. Bogenschneider&rsquo;s
request for a meeting, the Company&rsquo;s counsel invited Mr. Bogenschneider to meet not only with Mr. Wood, but also with Mr. Blashford
and Mr. Christman. Given that the Company had changed Argyle&rsquo;s proposal for a one-on-one meeting, Argyle&rsquo;s counsel subsequently
notified Company&rsquo;s counsel that Mr. Bogenschneider would meet with additional representatives of the Company if Mr. Armburger attended
the meeting as well.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 17, 2023, Mr. Bogenschneider and Mr. Armburger
met by telephone conference with Mr.&nbsp;Blashford, Mr.&nbsp;Wood and Mr.&nbsp;Christman, to discuss the matters raised by Argyle in
the Nomination Notice and to determine if there were potential grounds for a resolution. The parties were unable to resolve any such matters
during the March 17 call.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 20, 2023, the Company&rsquo;s counsel reiterated
the Company&rsquo;s March 3, 2023 offer to interview Ms. Candela and Ms. Harrington and request for D&amp;O Questionnaires. Argyle&rsquo;s
counsel subsequently responded that they would send questionnaires once completed and that they would coordinate meetings with Argyle&rsquo;s
nominees which could potentially start with Ms. Candela and Ms. Harrington.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">On March&nbsp;21,
2023, Argyle determined to reduce its slate of director nominees from six to three nominees. Argyle made this determination in light of
feedback it received from stockholders who </FONT>welcomed the opportunity to bring fresh leadership, insight and experience to the Board
but also acknowledged the value of continuity and institutional knowledge <FONT STYLE="background-color: white">and as a result of our
ongoing review of the best ways to ensure the Company is on the right track to enhance value for all stockholders. Accordingly, on March&nbsp;21,
2023, Argyle sent a notice to the Company informing it that Argyle had reduced its slate of director nominees to the three Nominees set
forth herein. Argyle also issued a press release on March&nbsp;21, 2023, announcing the change in its slate of director nominees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 21, 2023, Argyle filed its preliminary proxy
statement with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 21, 2023, Argyle&rsquo;s counsel sent an email
to the Company&rsquo;s counsel suggesting that Ms. Candela would be available to meet with the Board on Friday, March 24.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 22, 2023, before it had an opportunity to
meet with any of Argyle&rsquo;s nominees, the Board appointed Jeanette A. Press to the Board effective immediately and increased the size of
the Board to seven directors. Argyle did not have knowledge of this appointment until it was publicly announced on March 27, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 22, 2023, the Company&rsquo;s counsel notified
Argyle&rsquo;s counsel in writing that the Board was no longer willing to meet with Ms. Candela. Argyle&rsquo;s counsel subsequently responded on
March 23, 2023, that Argyle had attempted to negotiate even though the parties&rsquo; positions were far apart and had made clear that Argyle
would not pause its efforts to effect meaningful change to the Board. Argyle&rsquo;s counsel also stated that Argyle remained committed to finding
a constructive resolution.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 27, 2023, the Company filed a preliminary
proxy statement with the SEC. Also, on March&nbsp;27, 2023, the Company issued a press release announcing the appointment of Ms. Press
to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 27, 2023, Argyle issued a press release criticizing
the expansion of the Board to seven members as a reactive attempt by Broadwind to blunt criticism of the Company, protect the current
Board and block meaningful change. The appointment of Ms. Press to the Board marked the second time the Company named a new director since
Argyle first contacted the Board in July 2022 to open a constructive dialogue about its governance and performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 7, 2023, the Company filed its definitive
proxy statement with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 11, 2023, Argyle filed its definitive proxy
statement with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Argyle&rsquo;s Plan for Value Creation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-weight: normal">Given Broadwind&rsquo;s distinct assets,
significant potential and positioning in addressable markets, we believe the Company can evolve into a diversified, growing and profitable
manufacturing platform for clean-tech and mission critical equipment. To achieve this, our Nominees believe a new set of strategic priorities
is needed. An overview of these priorities includes:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Enhance Corporate Governance<FONT STYLE="font-weight: normal">&nbsp;&ndash; We believe our Nominees
can help evolve Broadwind into a stronger business by adding fresh perspectives to the boardroom as well as deep expertise in capital
markets transactions, corporate governance and manufacturing. Likewise, we are committed to maintaining stockholder-friendly bylaws, modernized
governance provisions and clear disclosures around topics such as capital allocation and executive compensation. </FONT></FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Optimize the Balance Sheet&nbsp;and Use of the NOLs <FONT STYLE="font-weight: normal">&ndash; While
being mindful not to over lever Broadwind or risk the Company&rsquo;s net operating losses (NOLs), our Nominees would seek to obtain affordable
financing that would allow the Company to consider EBITDA-accretive acquisitions and prioritize organic growth in existing business lines.
The Nominees have strong relationships with banks and lenders, so a competitive process would be run to obtain enhanced access to capital.
</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Assess Management and Improve Human Capital<FONT STYLE="font-weight: normal">&nbsp;&ndash; If elected,
our Nominees would undertake an assessment of management&rsquo;s capabilities to ensure the Company has a leadership team that can support our
new strategy. We believe the ideal management team will include individuals with deep experience across engineering, manufacturing, sales,
strategy and other growth areas. Looking to the long-term, our Nominees would seek to ensure Broadwind is led by a permanent management
team that can take the current businesses to higher margins while scaling the Company across more customers.</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Increase the Creation of Intellectual Property <FONT STYLE="font-weight: normal">&ndash; Invest in the
engineering function to enable the creation of Broadwind-owned Intellectual Property (IP). Controlling the IP of the products the Company
makes will enable better control over their production, service and performance, and eventually can yield a stream of aftermarket revenue.
If the IP is not owned, then the business is just a machine shop that will always be fighting with low-cost producers. </FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Strengthen Existing Business Segments<FONT STYLE="font-weight: normal">&nbsp;&ndash;&nbsp;If elected,
our Nominees would seek to accelerate cost containment and organic investment in the gearing, fabrication and corporate segments. The
Company&rsquo;s history of negative margins indicates more needs to be done to improve bidding, reduce overhead and manage material costs. Our
Nominees believe this reinforces the need to prioritize higher-growth, higher-margin opportunities found in service and aftermarket. We
believe that deploying more capital to customer acquisition, category expansion and sustaining a frictionless customer service franchise
would yield higher returns for stockholders.</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Explore Accretive M&amp;A to Supplement Organic Growth<FONT STYLE="font-weight: normal">&nbsp;&ndash;
The Company has the benefit of the base-level revenue of the existing business to build upon. Our Nominees would support management in
seeking to secure additional contracts, as well as invest in smart, strategic acquisitions that propel the Company into a broader set
of adjacent categories, including service and aftermarket. Between growing the current platform and entering new categories needed by
customers, we believe the Company could attain significantly more revenue over the next several years.</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: normal 10pt Symbol">&#183;</FONT></TD><TD><FONT STYLE="font-size: 10pt">Prioritize Transparent Investor Relations<FONT STYLE="font-weight: normal">&nbsp;&ndash; We believe
that improving disclosures and stockholder engagement can help ensure that the market properly evaluates Broadwind. We would host an annual
investor day, conduct quarterly earnings calls with question-and-answer sessions, publish the Company&rsquo;s new strategy and key performance
indicators in a frequently updated deck and take steps to attract long-term institutional capital into the stockholder base.</FONT></FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">PROPOSAL 1: ELECTION OF DIRECTORS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Board currently consists of seven directors,
each elected annually. We are soliciting proxies to elect our three Nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If successful in our proxy solicitation, the
Board will be composed of our three Nominees &mdash; Ryan Bogenschneider, Christine M. Candela and James M. Robinson IV &mdash; and all
of the Company&rsquo;s nominees other than Opposed Company Nominees, Cary B. Wood, David&nbsp;P. Reiland and Thomas A. Wagner. If elected, each
of the Nominees will serve one-year terms until the 2024 annual meeting of stockholders and until their successors have been duly elected
and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each of the Nominees has agreed to being named
as a Nominee in this Proxy Statement and has confirmed his or her willingness to serve on the Board, if elected. The age and other information
related to our Nominees shown below are as of the date of the filing of this Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Argyle believes that the Nominees <FONT STYLE="color: #444444">have
a track record of success and operational execution. They all have a background working at Bucyrus International. Bucyrus was a successful
global mining equipment company that was sold to Caterpillar (CAT) for $7.6 billion in 2011. Bucyrus excelled at manufacturing large fabrications
and gearing. These products are central to what Broadwind is built upon. Furthermore, Bucyrus grew significantly in the span of a decade
through organic growth and prudent acquisitions. This is the approach and track record we can bring to Broadwind.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Argyle and the Company will each be using a
universal proxy card for voting on the election of directors at the Annual Meeting, which will include the names of all nominees for election
to the Board. Stockholders will have the ability to vote for up to seven nominees on Argyle&rsquo;s enclosed <B><U>GREEN</U></B> universal proxy
card. There is no need to use the Company&rsquo;s white proxy card or voting instruction form, regardless of how you wish to vote. Stockholders
are permitted to vote for any combination (up to seven total) of Argyle&rsquo;s Nominees and the Company&rsquo;s nominees on the <B><U>GREEN</U></B>
universal proxy card.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>YOU MAY VOTE &ldquo;FOR&rdquo; UP TO SEVEN
NOMINEES IN TOTAL. IF YOU VOTE ON AT LEAST ONE NOMINEE BUT FEWER THAN SEVEN NOMINEES IN PROPOSAL 1 ON ARGYLE&rsquo;S <U>GREEN</U> UNIVERSAL
PROXY CARD, YOUR SHARES WILL ONLY BE VOTED &ldquo;FOR&rdquo; THOSE NOMINEES YOU HAVE SO MARKED. IF YOU VOTE &ldquo;FOR&rdquo; MORE THAN SEVEN
NOMINEES, ALL OF YOUR VOTES ON PROPOSAL 1 WILL BE INVALID AND WILL NOT BE COUNTED.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none; font-style: normal; font-weight: normal">Set
forth below is background information about each of the Nominees, including each Nominee&rsquo;s name, age, principal business address, principal
occupation and employment and public company directorships held during the past five years, as well as a description of the qualifications,
attributes and skills that qualify each Nominee to serve as a director of the Company. Please see &ldquo;ANNEX I: INFORMATION ON THE PARTICIPANTS&rdquo;
for additional information about the Nominees, including their beneficial ownership of the Common Stock.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Nominees: </FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 26%; text-align: left"><FONT STYLE="font-size: 10pt"><B>RYAN BOGENSCHNEIDER</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 74%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Age; Address</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">43; 635 Florence Drive, Elm Grove, WI 53122</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Occupation</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">See below</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Experience</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Ryan Bogenschneider is the founder and has served as Principal of The Western Metropolis Company, a management and consulting company, since January 2013. Mr. Bogenschneider has also served as Chief Executive Officer of WM Argyle Fund LLC, a private fund formed for the purpose of being an investor in Broadwind, Inc., since April 2022.&nbsp;&nbsp;Prior to Western Metropolis, Mr. Bogenschneider worked in corporate strategy positions with Bucyrus International, Inc. and Mining Technologies International Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Skills &amp; Qualifications</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Bogenschneider&rsquo;s qualifications to serve as a director include his extensive experience in corporate strategy and business development, analyzing businesses and business opportunities.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>CHRISTINE M. CANDELA</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Age; Address</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">54; <FONT STYLE="color: #26282A">11951 Freedom Drive, Suite 1800, Reston, VA &nbsp;20190</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Occupation</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">See below</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Experience</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Since April 2022, Christine M. Candela has served as Director, Compensation and Benefits of IDEMIA, a global technology firm.&nbsp;&nbsp;From January 2022 to April 2022, Ms. Candela was not employed.&nbsp;&nbsp;From March 2020 to January 2022, she served as Senior Director, Total Rewards, of REV Group, Inc., a designer and manufacturer of specialty vehicles and related aftermarket parts and services.&nbsp;&nbsp;From September 2019 to March 2020, she served as Senior Director, Total Rewards, of Bethesda Lutheran Communities, a non-profit human services corporation.&nbsp;&nbsp;From January 2019 to September&nbsp;2019, Ms. Candela was not employed.&nbsp;&nbsp;From May 2013 to January 2019, she served as HR Manager of Caterpillar Inc., a manufacturer of construction and mining equipment.&nbsp;&nbsp;Prior to Caterpillar, she served in similar positions with Bucyrus International, Inc., Enerpac Tool Group (formerly Actuant Corporation), and Snap-on Incorporated.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Skills &amp; Qualifications</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Ms. Candela&rsquo;s qualifications to serve as a director include her more than 25 years of experience in human resource management leadership and her expertise in global compensation and benefits, including in connection with mergers, acquisitions and divestitures.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 26%; text-align: left"><FONT STYLE="font-size: 10pt"><B>JAMES M. ROBINSON IV</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 74%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Age; Address</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">53; 9540 N Range Line Rd, River Hills, WI 53217</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Occupation</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">See below</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Experience</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Robinson is a founder and since September 2018 has served as Managing Member of Newel Capital LLC, a private equity firm that invests in manufacturing companies.&nbsp;&nbsp;From March 2012 to September 2018, Mr. Robinson served as Senior Vice President and Secretary of Kohler Co., a leading designer and manufacturer of kitchen and bath products.&nbsp;&nbsp;Prior to joining Kohler, Mr. Robinson served as general counsel of Bucyrus International, Inc. and Silvercrest Asset Management Group, LLC. Prior to this, Mr. Robinson served as a Corporate Attorney for AT&amp;T, Eckerd Corporation and in private practice.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Skills &amp; Qualifications</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Robinson&rsquo;s qualifications to serve as a director include his experience as an executive with public and private companies across multiple industries including manufacturing, consumer products, hospitality, financial services and telecommunications and in concluding transformative M&amp;A transactions, forging global strategic alliances, negotiating business restructurings and recapitalizations, executing capital investment programs and launching new businesses.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 100%; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">We urge stockholders to vote </FONT><FONT STYLE="font-size: 10pt"><U>FOR ALL</U> <FONT STYLE="font-weight: normal">of the Nominees and the Company&rsquo;s nominees other than the Opposed Company Nominees, using the </FONT><U>GREEN</U> <FONT STYLE="font-weight: normal">universal proxy card today!</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">No Nominee has any family relationship with any other Nominee or any director
or executive officer of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Except as stated above, none of the organizations
or corporations referenced above is a parent, subsidiary or other affiliate of the Company. We believe that, if elected, each of the Nominees
will be considered an independent director of the Company in accordance with the NASDAQ listing standards; however, a final determination
as to the independence of the Nominees will not be made until after their election and appointment to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We refer stockholders to the Company&rsquo;s Proxy
Statement, when it becomes available, for the biographies and other important information regarding the Company&rsquo;s nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Nominees will not receive any compensation
from Argyle or its affiliates for their services as directors of the Company, if elected. If elected, the Nominees will be entitled to
such compensation from the Company as is consistent with the Company&rsquo;s practices for services of non-employee directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each of the Nominees has agreed to being named
as a Nominee in this Proxy Statement and has confirmed his or her willingness to serve on the Board, if elected. We do not expect that
any of the Nominees will be unable to stand for election, but, in the event that a Nominee is unable to or for good cause will not serve,
the shares of Common Stock represented by the <B><U>GREEN</U></B> universal proxy card will be voted for a substitute candidate selected
by Argyle. If Argyle determines to add or substitute nominees, whether because the Company expands the size of the Board subsequent to
the date of this Proxy Statement or for any other reason, it will file an amended proxy statement and proxy card that, as applicable,
identifies the additional or substitute nominees, discloses that such nominees have consented to being named in the revised proxy statement
and to serve, if elected, and includes biographical and other information about such nominees required by the rules of the SEC.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Vote Required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the Company&rsquo;s Third Amended and Restated Bylaws of the Corporation,
as amended (the &ldquo;By-Laws&rdquo;), directors will be elected by a plurality of the votes cast (meaning that the seven director nominees
who receive the highest number of shares voted &ldquo;FOR&rdquo; their election by the Company's stockholders will be elected to the Board).
Withhold and &ldquo;broker non-votes&rdquo; will not count as votes cast and, therefore, will have no effect on the outcome of the election
of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We urge you to vote today using our <U>GREEN</U>
universal proxy card.</B> If you have already voted for the Company&rsquo;s nominees using the Company&rsquo;s white proxy card or our <B><U>GREEN</U></B>
universal proxy card, you have every right to change your vote by using the enclosed <B><U>GREEN</U></B> universal proxy card to vote
for our Nominees or by voting for our Nominees by telephone or by Internet. In light of ongoing delays in the postal system, we encourage
all stockholders to submit their proxies electronically. If you do not have access to a touch-tone phone or the Internet, please sign,
date and return the enclosed <B><U>GREEN</U></B> universal proxy card in the postage-paid envelope provided. Only the latest validly executed
proxy that you submit will be counted; any proxy may be revoked at any time prior to its exercise at the Annual Meeting by following the
instructions under &ldquo;Can I change my vote or revoke my proxy?&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>If you have any questions or require any
assistance with voting your shares, please contact our proxy solicitor, InvesterCom, at (877) 972-0090 (stockholders) or (203) 972-9300
(banks and brokers). </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We Recommend a Vote FOR ALL of the Nominees
using the GREEN universal proxy card.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PROPOSAL 2: ADVISORY (NON-BINDING) VOTE
ON THE COMPENSATION OF NAMED EXECUTIVE OFFICERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the Company&rsquo;s Proxy Statement,
stockholders will be asked at the Annual Meeting to vote on a non-binding resolution to approve the compensation of the Company&rsquo;s Named
Executive Officers (&ldquo;NEOs&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We believe stockholders should vote AGAINST
the proposal to approve the compensation of the Company&rsquo;s NEOs, as we believe that the Company&rsquo;s executive compensation is misaligned
with stockholder value and therefore not in the best interests of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company&rsquo;s Proxy Statement requested a non-binding,
advisory vote on a resolution substantially in the following form:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>&ldquo;RESOLVED</B>, that the Company&rsquo;s stockholders
approve, on a non-binding advisory basis, the compensation of the named executive officers, as disclosed in the Company&rsquo;s Proxy Statement
for the 2023 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including
the Summary Compensation Table and other related tables and disclosures set forth in such Proxy Statement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We encourage all stockholders to review the
Company&rsquo;s proxy disclosures in the Company&rsquo;s Proxy Statement in detail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Note: The stockholder vote on this Proposal&nbsp;2
will not be binding on the Company or the Board, and it will not be construed as overruling any decision by the Company or the Board,
or creating or implying any change to, or additional fiduciary duties for, the Company or the Board.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Vote Required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the By-Laws, the affirmative vote
of a majority of the votes cast (meaning the number of shares of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number
of shares voted &ldquo;against&rdquo; the proposal), will constitute stockholder non-binding approval with respect to Proposal&nbsp;2. Abstentions
and broker &ldquo;non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore, will have no effect on the
outcome of Proposal 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We Recommend a Vote AGAINST Proposal 2 on
the GREEN universal proxy card.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PROPOSAL 3: ADVISORY (NON-BINDING) VOTE
ON FREQUENCY OF SAY-ON-PAY VOTES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the Company&rsquo;s Proxy Statement,
stockholders will be asked at the Annual Meeting to vote on a non-binding resolution to approve the frequency of future non-binding stockholder
advisory votes on the compensation of the Company&rsquo;s (&ldquo;NEOs&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company&rsquo;s Proxy Statement requested a non-binding,
advisory vote on a resolution substantially in the following form:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>&ldquo;RESOLVED</B>, that the highest number
of votes cast by stockholders of the Company for the options set forth below shall be the preferred frequency with which the Company is
to hold a non-binding advisory vote on the approval of the compensation of the named executive officers included in the Company&rsquo;s Proxy
Statement:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Every one year, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Every two years, or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Every three years.&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We believe stockholders should vote FOR every
&ldquo;ONE YEAR&rdquo; as the frequency with which stockholders are provided a non-binding advisory vote on the compensation of the Company&rsquo;s
NEOs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We encourage all stockholders to review the
Company&rsquo;s proxy disclosures with respect to Proposal&nbsp;3 in the Company&rsquo;s Proxy Statement in detail.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Note: The stockholder vote on this Proposal&nbsp;3
will not be binding on the Company or the Board, and it will not be construed as overruling any decision by the Company or the Board,
or creating or implying any change to, or additional fiduciary duties for, the Company or the Board.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Vote Required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The option of &ldquo;every one year&rdquo;,
&ldquo;every two years&rdquo;, or &ldquo;every three years&rdquo;&nbsp;that receives the highest number of votes cast by the holders of
shares of Common Stock will constitute stockholder non-binding approval with respect to the advisory vote on the&nbsp; frequency of the
Company&rsquo;s Say-on-Pay. Abstentions and broker &ldquo;non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore,
will have no effect on the outcome of Proposal 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We Recommend a Vote FOR every &ldquo;ONE
YEAR&rdquo; AGAINST Proposal 2 on the GREEN universal proxy card.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PROPOSAL 4: APPROVAL OF THIRD AMENDMENT
TO THE COMPANY&rsquo;S EQUITY INCENTIVE PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the Company&rsquo;s Proxy Statement,
stockholders will be asked at the Annual Meeting to vote to approve a third amendment to the Company&rsquo;s Equity Incentive Plan to increase
the number of shares of Common Stock authorized for issuance under such plan from 3,200,000 to 4,700,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We encourage all stockholders to review the
Company&rsquo;s proxy disclosures with respect to Proposal&nbsp;4 in the Company&rsquo;s Proxy Statement in detail.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Vote Required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the By-Laws, the affirmative vote
of a majority of the votes cast (meaning the number of shares of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number
of shares voted &ldquo;against&rdquo; the proposal), will constitute stockholder approval with respect to Proposal&nbsp;4. Abstentions and
broker &ldquo;non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore, will have no effect on the outcome
of Proposal 4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We Recommend a Vote AGAINST Proposal 4 on
the GREEN universal proxy card.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PROPOSAL 5: RATIFY RSM US LLP AS THE COMPANY&rsquo;S
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company&rsquo;s Proxy Statement disclosed that
the Board has determined that it is desirable to request the approval of the appointment of its independent registered public accounting
firm by the stockholders of the Company. The Company&rsquo;s Proxy Statement indicates that the Audit Committee of the Board has appointed RSM
US LLC (&ldquo;RSM&rdquo;) to audit the Company&rsquo;s financial statements for 2023. A representative of RSM is expected to attend the Annual
Meeting and will have an opportunity to make a statement if he or she so desires, and will be available to respond to appropriate questions.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="text-decoration: none">Vote Required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the By-Laws, the affirmative vote
of a majority of the votes cast (meaning the number of shares of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number
of shares voted &ldquo;against&rdquo; the proposal), will constitute stockholder non-binding approval with respect to Proposal&nbsp;5. Abstentions
and broker &ldquo;non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore, will have no effect on the
outcome of Proposal 5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We Recommend a Vote FOR Proposal 5 on the
GREEN universal proxy card.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS<BR>
AND THE ANNUAL MEETING</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Who is entitled to vote?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Only holders of Common Stock at the close of
business on the Record Date, April&nbsp;6,
2023, are entitled to notice of and to vote at the Annual Meeting. Stockholders who sold shares of Common Stock before the Record Date
(or acquire them without voting rights after the Record Date) may not vote such shares of Common Stock. Stockholders of record on the
Record Date will retain their voting rights in connection with the Annual Meeting even if they sell such shares of Common Stock after
the Record Date (unless they also transfer their voting rights as of the Record Date). The Company&rsquo;s Proxy Statement discloses that the
only outstanding class of securities of the Company entitled to vote at the Annual Meeting is the Common Stock.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>How do I vote my shares?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Shares held in record name</B>. If your
shares of Common Stock are registered in your own name, please vote today via Internet or telephone by following the directions on the
enclosed <B><U>GREEN</U></B> universal proxy card or by signing, dating and returning the enclosed <B><U>GREEN</U></B> universal proxy
card in the postage-paid envelope provided. Execution and delivery of a proxy by a record holder of shares of Common Stock will be presumed
to be a proxy with respect to all shares held by such record holder unless the proxy specifies otherwise. Shares of Common Stock represented
by each <B><U>GREEN</U></B> universal proxy card that is properly executed and returned to Argyle will be voted at the Annual Meeting
in accordance with the instructions marked thereon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Shares beneficially owned or held in &ldquo;street&rdquo;
name</B>. If you hold your shares of Common Stock in &ldquo;street&rdquo; name with a broker, bank, dealer, trust company or other nominee,
only that nominee can exercise the right to vote with respect to the shares of Common Stock that you beneficially own through such nominee
and only upon receipt of your specific instructions. <U>Accordingly, it is critical that you promptly give instructions to your broker,
bank, dealer, trust company or other nominee to vote FOR ALL of the Nominees and the Company&rsquo;s nominees, other than the Opposed Company
Nominees</U>. Please follow the instructions to vote provided on the enclosed <B><U>GREEN</U></B> universal voting instruction form. If
your broker, bank, dealer, trust company or other nominee provides for proxy instructions to be delivered to them by telephone or Internet,
instructions will be included on the enclosed <B><U>GREEN</U></B> universal voting instruction form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Note: Shares of Common Stock represented by
properly executed <B><U>GREEN</U></B> universal proxy cards will be voted at the Annual Meeting as marked and, in the absence of specific
instructions, &ldquo;FOR ALL&rdquo; of the Nominees listed in Proposal 1 and the Company&rsquo;s nominees other than the Opposed Company Nominees,
&ldquo;AGAINST&rdquo; Proposal 2 and &ldquo;FOR&rdquo; Proposal 3.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>How should I vote on each proposal?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Argyle recommends that you vote your shares
on the <B><U>GREEN</U></B> universal proxy card as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">&ldquo;<B>FOR ALL</B>&rdquo; Nominees standing
for election to the Board named in this Proxy Statement and for the Company&rsquo;s nominees, other than the Opposed Company Nominees (Proposal&nbsp;1);</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>&ldquo;AGAINST&rdquo;</B> the advisory
proposal to approve the compensation of the Company&rsquo;s executive officers (Proposal 2);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>&ldquo;ONE YEAR&rdquo;</B> for the frequency
of the Say-On-Pay vote (Proposal 3);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>&ldquo;AGAINST&rdquo; </B>the proposal
to amend the Company&rsquo;s Equity Incentive Plan (Proposal 4); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"><B>&ldquo;FOR&rdquo;</B> the ratification
of the Company&rsquo;s selection of independent registered public accounting firm (Proposal 5).</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>How many shares must be present to hold the Annual Meeting?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the By-Laws, the holders of a
majority of the shares of Common Stock outstanding on the Record Date, represented in person or by proxy, shall constitute a quorum at
the Annual Meeting for the transaction of business. The Company&rsquo;s Proxy Statement discloses that abstentions will be counted for purposes
of determining whether a quorum is present but will not be counted for voting purposes with regards to any of the Proposals, that the
Common Stock is the only outstanding class of the Company&rsquo;s capital stock entitled to vote at the Annual Meeting, that each share of Common
Stock is entitled to one vote on each matter to be voted upon at the Annual Meeting and that no holders of any of Common Stock are entitled
to cumulative voting rights. Broker non-votes will not be counted for purposes of determining whether a quorum is present or for voting
purposes. For more information on broker non-votes, see &ldquo;<I>What are &ldquo;broker non-votes&rdquo; and what effect do they have on
the proposals?&rdquo;</I> below.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>What vote is needed to approve each proposal?</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Proposal 1 &mdash; Election of Directors. </B>According to the By-Laws,
directors shall be elected by a plurality of the votes cast (meaning that the seven director nominees who receive the highest number of
shares voted &ldquo;FOR&rdquo; their election by the stockholders will be elected to the Board). If you vote &ldquo;FOR&rdquo; less than seven
nominees in Proposal 1, your shares will only be voted &ldquo;FOR&rdquo; those nominees you have so marked. If you vote &ldquo;FOR&rdquo;
more than seven nominees, all of your votes on Proposal 1 will be invalid and will not be counted. Withhold and &ldquo;broker non-votes&rdquo;
will not count as votes cast and, therefore, will have no effect on the outcome of the election of directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Proposal 2 &mdash; Non-Binding Advisory Vote to Approve the Compensation
of the NEOs (&ldquo;<I>Say-on-Pay</I>&rdquo; vote). </B>An affirmative vote of a majority of the votes cast (meaning the number of shares
of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number of shares voted &ldquo;against&rdquo; the proposal), will constitute
stockholder non-binding approval with respect to the Say-on-Pay Vote. Abstentions and &ldquo;broker non-votes&rdquo; will not be counted
in determining the number of votes cast and, therefore, will have no effect on the outcome of Proposal 2.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Proposal 3 &mdash; Non-Binding Advisory Vote on the Frequency of Say-on-Pay
Votes. </B>The option of &ldquo;every one year&rdquo;, &ldquo;every two years&rdquo;, or &ldquo;every three years&rdquo;&nbsp;that receives
the highest number of votes cast by the holders of shares of Common Stock will constitute stockholder non-binding approval with respect
to the advisory vote on the&nbsp; frequency of the Company&rsquo;s Say-on-Pay. Abstentions and broker &ldquo;non-votes&rdquo; will not be counted
in determining the number of votes cast and, therefore, will have no effect on the outcome of Proposal 3.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Proposal 4 &mdash; Amendment to the Company&rsquo;s Equity Incentive Plan to
Increase the Number of Shares of Common Stock Available for Awards under such Plan. </B>An affirmative vote of a majority of the votes
cast (meaning the number of shares of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number of shares voted &ldquo;against&rdquo;
the proposal), will constitute stockholder approval with respect to the proposed amendment to the Company&rsquo;s Equity Incentive Plan. Abstentions
and &ldquo;broker non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore, will have no effect on the
outcome of Proposal 4.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Proposal 5 &mdash;Ratify the appointment of RSM US LLP as the Company&rsquo;s
Independent Registered Accounting Firm for 2023. </B>An affirmative vote of a majority of the votes cast (meaning the number of shares
of Common Stock voted &ldquo;for&rdquo; the proposal must exceed the number of shares voted &ldquo;against&rdquo; the proposal), is required
to ratify the appointment of RSM as the Company&rsquo;s independent registered public accounting firm for 2023. Abstentions and &ldquo;broker
non-votes&rdquo; will not be counted in determining the number of votes cast and, therefore, will have no effect on the outcome of Proposal
5.</FONT></TD></TR></TABLE>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>What are &ldquo;broker non-votes&rdquo; and what effect do
they have on the Proposals?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Generally, broker non-votes occur when shares
held by a broker, bank or other nominee in &ldquo;street name&rdquo; for a beneficial owner are not voted with respect to a particular proposal
because the broker, bank or other nominee has not received voting instructions from the beneficial owner and lacks discretionary voting
power to vote those shares with respect to that particular proposal. If your shares are held in the name of a brokerage firm, and the
brokerage firm has not received voting instructions from you, as the beneficial owner of such shares with respect to that proposal, the
brokerage firm cannot vote such shares on that proposal unless it is a &ldquo;routine&rdquo; matter. Under the rules and interpretations
of the New York Stock Exchange, if you receive proxy materials from or on behalf of both Argyle and the Company, brokers, banks and other
nominees will not be permitted to exercise discretionary authority regarding any of the proposals to be voted on at the Annual Meeting,
whether &ldquo;routine&rdquo; or not. Because Argyle has initiated a contested proxy solicitation, there will be no &ldquo;routine&rdquo;
matters at the Annual Meeting for any broker accounts that are provided with proxy materials by Argyle. As a result, there will be no
broker non-votes by such banks, brokers or other nominees with respect to such accounts. If you do not submit any voting instructions
to your broker, bank or other nominee with respect to such accounts, your shares in such accounts will not be counted in determining the
outcome of any of the proposals at the Annual Meeting, nor will your shares be counted for purposes of determining whether a quorum exists.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Broker non-votes will not be counted for purposes
of determining whether a quorum is present or for voting purposes with regards to any of the Proposals.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>What should I do if I receive a proxy card from the Company?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">You may receive proxy solicitation materials
from Broadwind, including a proxy statement and white universal proxy card. We are not responsible for the accuracy of any information
contained in any proxy solicitation materials used by the Company or any other statements that it may otherwise make.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We recommend that you discard any white
universal proxy card or solicitation materials that may be sent to you by the Company. Voting &ldquo;WITHHOLD&rdquo; for any of the Company&rsquo;s
nominees on its white universal proxy card is not the same as voting for our Nominees because a vote withheld for any of the Company&rsquo;s
nominees on the Company&rsquo;s white universal proxy card will revoke any previous voting instructions that you submitted. If you have already
voted for the Company&rsquo;s nominees using the Company&rsquo;s white universal proxy card, you have every right to change your vote by using the
enclosed <U>GREEN</U> universal proxy card to vote via Internet or by telephone by following the instructions on the <U>GREEN</U> universal
proxy card, or by signing, dating and returning the enclosed <U>GREEN</U> universal proxy card in the postage-paid envelope provided.
Only the latest validly executed proxy that you submit will be counted; any proxy may be revoked at any time prior to its exercise at
the Annual Meeting by following the instructions below under &ldquo;Can I change my vote or revoke my proxy?&rdquo; </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>If you have any questions or require any
assistance with voting your shares, please contact our proxy solicitor, InvesterCom, at (877) 972-0090 (stockholders) or (203) 972-9300
(banks and brokers).</B></P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Can I change my vote or revoke my proxy?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If you are the stockholder of record, you may
change your proxy instructions or revoke your proxy at any time before your proxy is voted at the Annual Meeting. Proxies may be revoked
by any of the following actions:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">returning a later-dated proxy either by voting by telephone or Internet
by following the instructions on the enclosed <B><U>GREEN</U></B> universal proxy card or by signing, dating and returning the enclosed
<B><U>GREEN</U></B> universal proxy card in the postage-paid envelope provided (the latest dated proxy is the only one that counts);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">delivering a written revocation to the secretary of the Company; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">attending the Annual Meeting and voting by ballot in person (although attendance
at the Annual Meeting will not, by itself, revoke a proxy).</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If your shares are held in a brokerage account
by a broker, bank or other nominee, you should follow the instructions provided by your broker, bank or other nominee. If you attend the
Annual Meeting and you beneficially own shares of Common Stock but are not the record owner, your mere attendance at the Annual Meeting
WILL NOT be sufficient to revoke any previously submitted proxy card. You must provide written authority from the record owner to vote
your shares held in its name at the meeting in the form of a &ldquo;legal proxy&rdquo; issued in your name from the bank, broker or other
nominee that holds your shares. If you have any questions or require any assistance with voting your shares, please contact our proxy
solicitor, InvesterCom, at (877) 972-0090 (stockholders) or (203) 972-9300 (banks and brokers).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>IF YOU HAVE ALREADY VOTED USING THE COMPANY&rsquo;S
WHITE UNIVERSAL PROXY CARD, WE URGE YOU TO REVOKE IT BY FOLLOWING THE INSTRUCTIONS ABOVE</B>. Although a revocation is effective if delivered
to the Company, we request that a copy of any revocation be mailed to WM Argyle Fund, LLC, c/o InvesterCom, 19 Old Kings Highway S, Suite
130, Darien, CT 06820, so that we will be aware of all revocations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>ARGYLE
AND THE COMPANY WILL EACH BE USING A UNIVERSAL PROXY CARD FOR VOTING ON THE ELECTION OF DIRECTORS AT THE ANNUAL MEETING, WHICH WILL INCLUDE
THE NAMES OF ALL NOMINEES FOR ELECTION TO THE BOARD. StockHOLDERS WILL HAVE THE ABILITY TO VOTE FOR UP TO sEVEN NOMINEES ON argyle&rsquo;S ENCLOSED
<U>green</U> UNIVERSAL PROXY CARD. THERE IS NO NEED TO USE THE COMPANY&rsquo;S WHITE PROXY CARD OR VOTING INSTRUCTION FORM, REGARDLESS OF HOW
YOU WISH TO VOTE.</B></FONT></P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Who is making this Proxy Solicitation and who is paying
for it?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The solicitation of proxies pursuant to this
proxy solicitation is being made by Argyle and the Nominees. Proxies may be solicited by mail, facsimile, telephone, Internet, in person
and by advertisements or other widely circulated communications, and proxies will be solicited from individuals, brokers, banks, bank
nominees and other institutional holders. Argyle will solicit proxies from individuals, brokers, banks, bank nominees and other institutional
holders. Argyle has requested banks, brokerage houses and other custodians, nominees and fiduciaries to forward all solicitation materials
to the beneficial owners of the shares of Common Stock they hold of record. Argyle will reimburse these record holders for their reasonable
out-of-pocket expenses in so doing. It is anticipated that certain representatives of Argyle will also participate in the solicitation
of proxies in support of the Nominees. Such representatives will receive no additional consideration if they assist in the solicitation
of proxies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Argyle has retained InvestorCom to provide
solicitation and advisory services in connection with this solicitation. InvestorCom will be paid a fee not to exceed $40,000 based upon
the campaign services provided and the outcome of the solicitation. In addition, Argyle will reimburse InvestorCom for certain documented,
out-of-pocket fees and expenses and will indemnify InvestorCom against certain liabilities and expenses, including certain liabilities
under the federal securities laws. InvestorCom will solicit proxies from individuals, brokers, banks, bank nominees and other institutional
holders. It is anticipated that InvestorCom will employ approximately 25&nbsp;persons to solicit the Company&rsquo;s stockholders as part of
this solicitation. InvestorCom does not believe that any of its directors, officers, employees, affiliates or controlling persons, if
any, is a &ldquo;participant&rdquo; in this proxy solicitation.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The entire expense of soliciting proxies is
being borne by Argyle. Costs of this proxy solicitation are currently estimated to be approximately $375,000.
We estimate that through the date hereof, Argyle&rsquo;s expenses in connection with this proxy solicitation are approximately $175,000.
If successful, Argyle may seek reimbursement of these costs from the Company. In the event that it decides to seek reimbursement of its
expenses, Argyle does not intend to submit the matter to a vote of the Company&rsquo;s stockholders. The Board, which would include any Nominees
who are elected, would be required to evaluate the requested reimbursement consistent with their fiduciary duties to the Company and its
stockholders. Costs related to the solicitation of proxies include expenditures for attorneys, public relations and other advisors, solicitors,
printing, advertising, postage, transportation, litigation and other costs incidental to the solicitation.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>What is Householding of Proxy Materials?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The SEC has adopted rules that permit companies
and intermediaries (such as brokers and banks) to satisfy the delivery requirements for proxy statements and annual reports with respect
to two or more stockholders sharing the same address by delivering a single proxy statement addressed to those stockholders. Once you
have received notice from your bank or broker that it will be householding communications to your address, householding will continue
until you are notified otherwise or until you revoke your consent. If, at any time, you no longer wish to participate in householding
and would prefer to receive a separate proxy statement and annual report, please notify your bank or broker and direct your request to
Broadwind, Attn: Corporate Secretary, 3240 South Central Avenue, Cicero, IL 60804, or you may request a copy by telephone at 708-780-4800.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Because Argyle has initiated a contested proxy
solicitation, we understand that banks and brokers with account holders who are stockholders of the Company will not be householding our
proxy materials.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Where can I find additional information concerning Broadwind?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Pursuant to Rule 14a-5(c) promulgated under
the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), we have omitted from this Proxy Statement certain disclosure
required by applicable law to be included in the Company&rsquo;s Proxy Statement in connection with the Annual Meeting. Such disclosure includes
information regarding securities of the Company beneficially owned by the Company&rsquo;s directors, nominees and management; certain stockholders&rsquo;
beneficial ownership of more than 5% of the Company&rsquo;s voting securities; information concerning the Company&rsquo;s directors who are not up
for election at the Annual Meeting; information concerning executive compensation; and information concerning the procedures for submitting
stockholder proposals and director nominations intended for consideration at the 2024 annual meeting of stockholders and for consideration
for inclusion in the proxy materials for that meeting. If the Company does not distribute the Company&rsquo;s Proxy Statement to stockholders
at least ten days prior to the Annual Meeting, we will distribute to the stockholders a supplement to this Proxy Statement containing
such disclosures at least ten days prior to the Annual Meeting. We take no responsibility for the accuracy or completeness of information
contained in or excerpted from the Company&rsquo;s Proxy Statement. Except as otherwise noted herein, the information in this Proxy Statement
concerning the Company has been taken from or is based upon documents and records on file with the SEC and other publicly available information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This Proxy Statement and all other solicitation
materials in connection with this proxy solicitation will be available on the internet, without cost, on the SEC&rsquo;s website at http://www.sec.gov/.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>How do I vote in person at the Annual Meeting?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If you plan to attend the Annual Meeting and
vote in person, at your request, Broadwind will give you a ballot or a white proxy card when you arrive at the Annual Meeting. However,
if your shares are held in the name of your broker, bank or other nominee, you must contact your broker, bank or other nominee with respect
to the procedure for you to vote in person.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>What are the requirements if I want to attend the Annual
Meeting in person in light of the COVID-19 pandemic?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">According to the Company&rsquo;s Proxy Statement,
in light of the continuing COVID-19 pandemic, the Company will require that all attendees at the Annual Meeting practice &ldquo;social
distancing&rdquo; at the Annual Meeting. Any person in attendance who exhibits cold or flulike symptoms, who has been exposed to COVID-19
or who does not follow meeting guidelines may be asked to leave the premises for the protection of the other attendees</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>How do I vote the shares I hold through the Company&rsquo;s 401(k)
plan?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If you are a participant in the Company&rsquo;s 401(k)
plan, you may vote the number of shares credited to your account as of the Record Date by instructing the plan&rsquo;s trustee how to vote your
shares pursuant to the instruction form that will be sent to plan participants. The trustee will vote your shares in accordance with your
duly executed instructions received by 11:59 p.m., Eastern Daylight Time, on May&nbsp;22,
2023. According to the Company&rsquo;s Proxy Statement, if you do not provide clear voting instructions, or if you return voting instructions
by mail and submit an unsigned voting form, the trustee will vote the shares in your account in accordance with the Board&rsquo;s recommendation.
You may revoke previously given voting instructions by 11:59 p.m., Eastern Daylight Time, on May&nbsp;22,
2023, by either revising your instructions online or by submitting to the trustee either a written notice of revocation or a properly
completed and signed proxy card bearing a later date. Your voting instructions will be kept confidential by the trustee.</P>

<P STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Will I have appraisal or dissenters&rsquo; rights in connection
with any of the proposals being voted on at the Annual Meeting?</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">No. Appraisal or similar dissenters&rsquo; rights
are not applicable to any of the matters being voted upon at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-weight: normal">This Proxy
Statement contains forward-looking statements. All statements contained in this Proxy Statement that are not clearly historical in nature
or that necessarily depend on future events are forward-looking, and the words &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;expect,&rdquo;
&ldquo;potential,&rdquo; &ldquo;could,&rdquo; &ldquo;opportunity,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan,&rdquo; and similar expressions are
generally intended to identify forward-looking statements. The projected results and statements contained in this Proxy Statement that
are not historical facts are based on current expectations, speak only as of the date of this Proxy Statement and involve risks, uncertainties
and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance
or achievements expressed or implied by such projected results and statements. Assumptions relating to the foregoing involve judgments
with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are
difficult or impossible to predict accurately and many of which are beyond the control of Argyle. Although Argyle believes that the assumptions
underlying the projected results or forward-looking statements are reasonable as of the date of this Proxy Statement, any of the assumptions
could be inaccurate and therefore, there can be no assurance that the projected results or forward-looking statements included in this
Proxy Statement will prove to be accurate and therefore actual results could differ materially from those set forth in, contemplated by,
or underlying those forward-looking statements. In light of the significant uncertainties inherent in the projected results and forward-looking
statements included in this Proxy Statement, the inclusion of such information should not be regarded as a representation as to future
results or that the objectives and strategic initiatives expressed or implied by such projected results and forward-looking statements
will be achieved. Except to the extent required by applicable law, Argyle will not undertake and specifically declines any obligation
to disclose the results of any revisions that may be made to any projected results or forward-looking statements in this Proxy Statement
to reflect events or circumstances after the date of such projected results or statements or to reflect the occurrence of anticipated
or unanticipated events.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">OTHER INFORMATION ABOUT THE COMPANY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Based upon documents publicly filed by the
Company, the mailing address of the principal executive offices of the Company is 3240 South Central Avenue, Cicero, IL 60804.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Certain information regarding the
compensation of directors and executive officers, certain stockholders&rsquo; beneficial ownership of more than 5% of the
Company&rsquo;s voting securities, and certain other matters regarding the Company and its officers and directors is required to be
contained in the Company&rsquo;s Proxy Statement. Certain other information regarding the 2023 Annual Meeting, as well as procedures
for submitting proposals for consideration at the 2024 annual meeting of stockholders of the Company, is also required to be
contained in the Company&rsquo;s Proxy Statement. Please refer to the Company&rsquo;s Proxy Statement to review this information.
Please note that because Argyle was not involved in the preparation of the Company&rsquo;s Proxy Statement, Argyle cannot reasonably
confirm the accuracy or completeness of certain information contained in the Company&rsquo;s Proxy Statement. As we may distribute
our definitive proxy statement before the Company files the Company&rsquo;s Proxy Statement, we will provide any previously omitted
information in a supplement filed as a revised definitive proxy statement, including completing references to the date, time and
location of the 2023 Annual Meeting, as well as information relating to the Record Date. Additional information related to the
foregoing information, as well as other important information, is contained in the Company&rsquo;s Proxy Statement, which
is available without cost on the SEC&rsquo;s website at https://www.sec.gov.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-weight: normal">The information
concerning the Company and the proposals referenced in the Company&rsquo;s Proxy Statement contained in this Proxy Statement has been taken
from, or is based upon, publicly available documents on file with the SEC and other publicly available information. Although Argyle has
no knowledge that would indicate that statements relating to the Company contained in this Proxy Statement that are made in reliance upon
publicly available information are inaccurate or incomplete, to date we have not had access to the books and records of the Company related
to such information and statements, were not involved in the preparation of such information and statements and are not in a position
to verify such information and statements. All information relating to any person other than the Participants is based only on the knowledge
of Argyle.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">CONCLUSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">We urge you to carefully consider the information
contained in this Proxy Statement and then support our efforts by using the enclosed <B><U>GREEN</U></B> universal proxy card to vote
&ldquo;<B><U>FOR ALL</U></B>&rdquo; our Nominees today.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Thank you for your support,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WM Argyle Fund, LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Jay Douglas Armburger</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Ryan Bogenschneider</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Christine M. Candela</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">James M. Robinson IV</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">April 11, 2023</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">ANNEX I: INFORMATION ON THE PARTICIPANTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This proxy solicitation is being made by WM
Argyle Fund, LLC, a Delaware limited liability company (&ldquo;Argyle&rdquo;), Ryan Bogenschneider (&ldquo;Mr.&nbsp;Bogenschneider&rdquo;),
a United States citizen and Chief Executive Officer and member of the board of managers of Argyle (the &ldquo;Argyle Board&rdquo;), the
other two Nominees, and Jay Douglas Armburger, a member of the Argyle Board (collectively with Mr. Bogenschneider, the other Nominees
and Argyle, the &ldquo;Participants&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Participants represent that (i) they intend
to, or are part of a group which intends to, deliver a proxy statement and form of proxy to holders of at least the percentage of the
Company&rsquo;s outstanding capital stock required to elect the Nominees at the Annual Meeting, and (ii) they intend to, or are part of a group
which intends to, solicit the holders of shares representing at least 67% of the voting power of shares entitled to vote on the election
of directors in support of the Nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">As of the close of business on April&nbsp;6,
2023, the Participants may be deemed to beneficially own, in the aggregate, 207,200 shares of Common Stock, consisting of 100&nbsp;shares
of Common Stock which are held in record name and 207,100 shares of Common Stock which are held in street name through a broker. Such
shares constitute approximately 1.0% of the outstanding shares of Common Stock based on 20,921,407 shares of Common Stock outstanding as of April&nbsp;6,
2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All of the 207,200 shares of Common Stock beneficially
owned in the aggregate by the Participants are held by Argyle. Ryan Bogenschneider, as the Chief Executive Officer and a member of the
Argyle Board, and Jay Douglas Armburger, as a member of the Argyle Board, may be deemed to beneficially own the 207,200 shares of Common
Stock held by Argyle. Each of Mr. Bogenschneider and Mr. Armburger expressly disclaims beneficial ownership of the shares of Common Stock
held by Argyle except to the extent of his pecuniary interest therein. Other than as described above for Argyle, Mr. Bogenscheider and
Mr. Armburger, none of the Participants beneficially own any shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The principal business address of Argyle is 635 Florence Drive Elm
Grove, WI 53122. The principal business address of Mr. Armburger is 1325 Evans City Road, Evans City, PA 16033.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Each of the Participants is a United States
citizen. The principal business addresses, along with the principal occupation, of each of the Nominees is disclosed in the section titled
&ldquo;PROPOSAL 1: ELECTION OF DIRECTORS&rdquo; on page&nbsp;4. Mr. Armburger&rsquo;s principal occupation is as Chief Executive Officer of HBT
Americas LLC and Chief Technology Officer of HBT Holdings GmbH. HBT is a manufacturer of industrial equipment for mining, steal and other
industries.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Except as set forth in this Proxy Statement
(including the Annexes), (i)&nbsp;during the past ten years, no Participant has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors); (ii)&nbsp;no Participant in this proxy solicitation directly or indirectly beneficially owns any
securities of the Company; (iii)&nbsp;no Participant owns any securities of the Company which are owned of record but not beneficially;
(iv)&nbsp;no Participant has purchased or sold any securities of the Company during the past two years; (v)&nbsp;no part of the purchase
price or market value of the securities of the Company owned by any Participant is represented by funds borrowed or otherwise obtained
for the purpose of acquiring or holding such securities; (vi)&nbsp;no Participant is, or within the past year was, a party to any contract,
arrangements or understandings with any person with respect to any securities of the Company, including, but not limited to, joint ventures,
loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits or the giving
or withholding of proxies; (vii)&nbsp;no associate of any Participant owns beneficially, directly or indirectly, any securities of the
Company; (viii)&nbsp;no Participant owns beneficially, directly or indirectly, any securities of any parent or subsidiary of the Company;
(ix)&nbsp;no Participant or any of his, her or its associates was a party to any transaction, or series of similar transactions, since
the beginning of the Company&rsquo;s last fiscal year, or is a party to any currently proposed transaction, or series of similar transactions,
to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeds $120,000; (x)&nbsp;no Participant
or any of his, her or its associates has any arrangement or understanding with any person with respect to any future employment by the
Company or its affiliates, or with respect to any future transactions to which the Company or any of its affiliates will or may be a party;
and (xi)&nbsp;no person, including any of the Participants, who is a party to an arrangement or understanding pursuant to which the Nominees
are proposed to be elected, has a substantial interest, direct or indirect, by security holdings or otherwise in any matter to be acted
on as set forth in this Proxy Statement. There are no material proceedings to which any Participant or any of his, her or its associates
is a party adverse to the Company or any of its subsidiaries or has a material interest adverse to the Company or any of its subsidiaries.
With respect to each of the Nominees, except as set forth in this Proxy Statement (including the Annexes), none of the events enumerated
in Item 401(f)(1)-(8) of Regulation S-K of the Exchange Act occurred during the past ten years. Neither the Nominees nor any associate
of a Nominee has served as a director or named executive officer of the Company at any point during the last three fiscal years of the
Company.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Transactions by the Participants with respect to the Company&rsquo;s
securities</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The following tables set forth all transactions
in the Common Stock effected by any of the Participants during the past two years. All such transactions were effected by Argyle on the
open market.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="height: 13pt; vertical-align: top">
    <TD STYLE="width: 50%; height: 13pt; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Trade Date</U></B></FONT></TD>
    <TD STYLE="width: 50%; height: 13pt; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Amount Acquired</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/13/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5,400</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/14/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">200</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/15/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">200</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/16/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">200</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/17/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR STYLE="height: 13pt; vertical-align: top">
    <TD STYLE="height: 13pt; text-align: center"><FONT STYLE="font-size: 10pt">6/21/2022</FONT></TD>
    <TD STYLE="height: 13pt; text-align: center"><FONT STYLE="font-size: 10pt">5,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/22/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/23/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">800</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/24/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">526</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/27/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">13,427</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/28/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">147</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/29/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">400</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6/30/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,214</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/1/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,086</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/5/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5,908</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/6/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6,992</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/7/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">800</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/11/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,223</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/12/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6,129</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/13/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5,201</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/14/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">9,047</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 10pt">7/15/2022</FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 10pt">11,600</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/18/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">10,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/19/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,992</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/20/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,508</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/22/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,300</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/25/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8,200</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/26/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,900</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/27/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">100</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">7/29/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8/5/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8/9/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">200</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8/10/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">300</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8/12/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">700</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">8/16/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">800</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/8/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/16/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/17/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/18/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/21/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/22/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/28/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,677</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/29/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11/30/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/1/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,222</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/2/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,700</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/5/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">901</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/6/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/7/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,087</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/8/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">632</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/9/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/12/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">11,127</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/13/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">400</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/16/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,754</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/19/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5,951</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/20/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">10,049</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/21/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">300</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/22/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,400</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/23/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">400</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/27/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/28/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">12/29/2022</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1/3/2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1/4/2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">4,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1/5/2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1/6/2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">3,500</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">1/9/2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">6,100</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">IMPORTANT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Tell the Board what you think! YOUR VOTE IS
VERY IMPORTANT, no matter how many or how few shares you own. Please vote &ldquo;<B><U>FOR ALL</U></B>&rdquo; of the Nominees and the Company&rsquo;s
nominees, other than the Opposed Company Nominees, by using one of the four options below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Voting via the Internet by following the easy instructions on the enclosed
<B><U>GREEN</U></B> universal proxy card or voting instruction form;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Voting by telephone using the toll-free number listed on the enclosed <B><U>GREEN</U></B>
universal proxy card or voting instruction form and following the easy voice prompts; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">In light of ongoing delays with the postal system, we encourage all stockholders
to vote electronically. If you do not have access to a touch-tone phone or the Internet, you may sign, date and return the enclosed <B><U>GREEN</U></B>
universal proxy card or voting instruction in the postage-paid envelope provided;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Attending the Annual Meeting and voting by ballot thereat.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>If any of your shares are held in the name
of a broker, bank, bank nominee or other institution, only it can vote your shares and only upon receipt of your specific instructions</B>.
Depending upon your broker or custodian, you may be able to vote either by toll-free telephone or by the Internet. You may also vote by
signing, dating and returning the enclosed <B><U>GREEN</U></B> universal voting form in the postage-paid envelope provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">After submitting your vote using the enclosed
<B><U>GREEN</U></B> universal proxy card, <B>DO <U>NOT</U> SIGN OR RETURN BROADWIND&rsquo;S WHITE PROXY CARD UNLESS YOU INTEND TO CHANGE YOUR
VOTE</B>, because only your latest dated proxy card will be counted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If you have previously signed and returned
a white universal proxy card to Broadwind, you have every right to change your vote. Only your latest dated proxy card will count. You
may revoke any proxy card already sent to Broadwind by voting by telephone or the Internet following the instructions on the enclosed
<B><U>GREEN</U></B> universal proxy card or by signing, dating and returning the enclosed <B><U>GREEN</U></B> universal proxy card in
the postage-paid envelope provided. Any proxy may be revoked at any time prior to its exercise at the Annual Meeting by delivering a
written notice of revocation to the Company, by delivering a later dated proxy for the Annual Meeting, or by voting by ballot in person
at the Annual Meeting. Attendance at the Annual Meeting will not in and of itself constitute a revocation.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><I>If you have any questions concerning this
Proxy Statement, would like to<BR>
request additional copies of this Proxy Statement or need help voting your shares, please contact our proxy solicitor:</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="ex99-03_001.jpg" ALT="" STYLE="height: 54pt; width: 189.75pt"></FONT></P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">19 Old Kings Highway S, Suite 130</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Darien, CT 06820</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Stockholders call toll-free: (877) 972-0090</P>
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Banks and brokers call collect: (203) 972-9300<BR>
    Email: proxy@investor-com.com</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I></I></FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B><U>WM
ARGYLE FUND, LLC IS SOLICITING FOR THIS</U></B><BR>
<B><U>GREEN UNIVERSAL PROXY CARD</U></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B>PLEASE
VOTE TODAY!</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B>SEE REVERSE SIDE</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 14pt"><B>FOR
THREE EASY WAYS TO VOTE.</B></FONT>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 5%; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 95%; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">G</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">R</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">E</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">E</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">N</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">U</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">N</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">I</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">V</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">E</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">R</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">S</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">A</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">L</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">P</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">R</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">O</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">X</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Y</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">C</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">A</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">R</FONT></P>
        <P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">D</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P></TD>

    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #231F20">&#9660;TO
                                         VOTE BY MAIL, PLEASE DETACH PROXY CARD HERE AND SIGN, DATE AND RETURN IN THE POSTAGE-PAID
                                         ENVELOPE PROVIDED &#9660;</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.25in">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 129.05pt 0pt 140.8pt; text-align: center; color: #231F20">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 129.05pt 0pt 140.8pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 12pt"><B>BROADWIND,
INC.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 140.8pt; text-align: center; color: #231F20">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 140.8pt; text-align: center; color: #231F20"><B>Proxy Card for
        2023 Annual Meeting of Stockholders</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 140.8pt; text-align: center; color: #231F20">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0.85pt 0pt 3.45pt; text-align: center; color: #231F20"><B>The Board
        of Directors of Broadwind is Not Soliciting For this Green Universal Proxy Card</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0.85pt 0pt 3.45pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt; color: #231F20">The
        undersigned hereby appoints each of Ryan Bogenschneider, </FONT><FONT STYLE="font-size: 9pt">Christine M. Candela, James
        M. Robinson IV <FONT STYLE="color: #231F20">and Jay Douglas Armburger, as attorneys and agents with full power of substitution,
        to vote all shares of common stock of Broadwind, Inc., a Delaware corporation (&ldquo;Broadwind&rdquo; or the &ldquo;Company&rdquo;),
        that the undersigned would be entitled to vote at the Annual Meeting of stockholders of the Company scheduled to be held
        at Broadwind&rsquo;s corporate office located at 3240 South Central Avenue, Cicero, </FONT>Illinois&nbsp;60804, including
        at any adjournments or postponements thereof and any meeting called in lieu thereof (the &ldquo;2023 Annual Meeting&rdquo;),
        with all powers that the undersigned would possess if personally present, upon and in respect of the instructions indicated
        herein, and, to the extent authorized by Rule 14a-4(c)(3) under the Exchange Act, with discretionary authority as to any
        and all other matters that may properly come before the 2023 Annual Meeting that are unknown to WM Argyle Fund, LLC (&ldquo;Argyle&rdquo;)
        a reasonable time before this solicitation.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">None
        of the proposals identified on this proxy are conditioned on the approval of other matters<FONT STYLE="color: #231F20">.</FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt; color: #231F20">In
        the event that any of </FONT><FONT STYLE="font-size: 9pt">Ryan Bogenschneider, Christine M. Candela and James M. Robinson
        IV (collectively, the &ldquo;Nominees&rdquo;) <FONT STYLE="color: #231F20">is unable to serve or for good cause will not
        serve as a director, Argyle has reserved the right to substitute for any such Nominee and has reserved the right to further
        nominate or add additional persons if the Company purports to increase the number of directorships after the date hereof
        and prior to the 2023 Annual Meeting. In the event that any additional or substitute persons are so nominated, Argyle
        will vote this proxy card in favor of such additional or substitute nominees. Argyle reserves the right to withdraw the
        nomination of any Nominee or any additional or substitute nominee at any time.</FONT></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">The
        undersigned hereby revokes any other proxy or proxies heretofore given to vote or act with respect to the common stock
        of the Company held by the undersigned, and hereby ratifies and confirms all action the herein named attorneys and proxies,
        their substitutes, or any of them may lawfully take by virtue hereof.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>IF
        THIS PROXY CARD IS SIGNED AND RETURNED, IT WILL BE VOTED IN ACCORDANCE WITH YOUR INSTRUCTIONS AND AS DETAILED BELOW AS
        APPLICABLE.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>IF YOU DO NOT MARK A VOTE ON ANY OF THE PROPOSALS ON THE
<U>GREEN</U> UNIVERSAL PROXY CARD, THE NAMED PROXIES (LISTED ABOVE) WILL EXERCISE THEIR DISCRETION TO CAUSE YOUR PROXY TO BE VOTED &ldquo;FOR&rdquo;
THE NOMINEES AND THE COMPANY&rsquo;S NOMINEES OTHER THAN THE OPPOSED COMPANY NOMINEES, TO VOTE &ldquo;AGAINST&rdquo; PROPOSAL 2, TO VOTE FOR THE
&ldquo;ONE YEAR&rdquo; OPTION FOR PROPOSAL 3, TO VOTE &ldquo;AGAINST&rdquo; PROPOSAL 4 AND TO VOTE &ldquo;FOR&rdquo; PROPOSAL 5.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>THE NAMED PROXIES WILL ALSO EXERCISE THEIR DISCRETION ON
ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE 2023 ANNUAL MEETING.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>YOU MAY VOTE &ldquo;FOR&rdquo; UP TO SEVEN NOMINEES IN TOTAL
IN PROPOSAL 1:</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>IF YOU VOTE ON AT LEAST ONE NOMINEE BUT FEWER THAN SEVEN NOMINEES IN PROPOSAL
1, YOUR SHARES WILL ONLY BE VOTED &ldquo;FOR&rdquo; THOSE NOMINEES YOU HAVE SO MARKED.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><FONT STYLE="font-size: 9pt"><B>IF YOU VOTE &ldquo;FOR&rdquo; MORE THAN SEVEN NOMINEES IN PROPOSAL 1, ALL
OF YOUR VOTES WILL BE INVALID AND WILL NOT BE COUNTED.</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 20.5pt 0pt 46pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt; color: #231F20"><B>YOUR
VOTE IS IMPORTANT</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 9pt">Please
vote your shares of Broadwind common stock for the upcoming</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 9pt">2023
Annual Meeting of Stockholders.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20"><FONT STYLE="font-size: 9pt"><B>YOU
CAN VOTE TODAY USING ANY OF THE FOLLOWING METHODS:</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; color: #231F20">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 9pt"><IMG SRC="broadwind002.jpg" ALT="">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 90%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt"><B><I><U>Submit
your proxy by Internet</U></I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Please
access www.CESVote.com using a computer or a smartphone or by scanning the unique QR code containing your unique control number
provided in your proxy card with your smartphone camera. Then, simply follow the easy instructions on the voting site. If you
access www.CESVote.com without scanning a QR code, you will be required to provide the unique control number printed below.</FONT></P></TD>
</TR></TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 9pt"><IMG SRC="broadwind003.jpg" ALT="">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 90%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt"><B><I><U>Submit
your proxy by Telephone</U></I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Please
call toll-free in the U.S. or Canada at 1-888-693-8683 on a touch-tone telephone. You will be required to provide the unique control
number printed below.</FONT></P></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 95%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15%; text-align: left; padding-top: 8pt; padding-bottom: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CONTROL
NUMBER</FONT></TD><TD STYLE="text-align: justify; width: 85%; border: Black 1pt solid; padding-top: 8pt; padding-bottom: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center; border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt">You
                                         may vote by telephone or Internet 24 hours a day, 7 days a week.</FONT></P>
                               <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt">Your telephone or Internet
                               vote authorizes the named proxies to vote your shares</FONT></P>
                               <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt">in the same manner as if
                               you had marked, signed and returned the <B><U>GREEN</U> universal proxy card from</B></FONT></P></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 9pt"><IMG SRC="broadwind004.jpg" ALT="">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 90%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt"><B><I><U>Submit
your proxy by Mail</U></I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Please
complete, sign, date and return the proxy card in the envelope provided to: InvesterCom, 19 Old Kings Highway S, Suite 130, Darien,
CT 06820.</FONT></P></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9660;&nbsp;TO
VOTE BY MAIL, PLEASE FOLD PROXY CARD HERE AND SIGN, DATE AND RETURN IN THE POSTAGE-PAID ENVELOPE PROVIDED&nbsp;&#9660; &#9744;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4"><FONT STYLE="font-size: 9pt">&#9746;&nbsp;&nbsp;<I>Please mark your vote with <B>X</B> as shown in this sample</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt"><B>Proposal
        1</B> &ndash; Election of Directors for terms ending in 2024</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 9pt"><B><I></I></B></FONT></P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">Vote &ldquo;FOR&rdquo; up to seven (7) nominees in total. If you vote this
GREEN universal proxy card for less than seven nominees, your shares will only be voted &ldquo;FOR&rdquo; those nominees you have marked.
If you vote this GREEN universal proxy card &ldquo;FOR&rdquo; more than seven nominees, all of your votes on Proposal 1 will be invalid
and will not be counted.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 9pt"></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #231F20"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends voting &ldquo;FOR&rdquo;
    all of the Argyle Nominees</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Argyle Nominees</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">For</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Withhold</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Ryan Bogenschneider</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Christine M. Candela</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">James M. Robinson
    IV</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends a vote &ldquo;FOR&rdquo;
    each Acceptable Company Nominee</B></FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 40%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Acceptable
    Company Nominees:</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">For</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Withhold</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Eric B. Blashford</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Philip J. Christman</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Sachin Shivaran</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt"><B>Argyle
        recommends a vote to &ldquo;WITHHOLD&rdquo; on each Opposed Company Nominee</B></FONT></P></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Opposed Company Nominees:</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">For</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Withhold</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">David P. Reiland</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Thomas A. Wagner</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Cary B. Wood</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends a vote &ldquo;AGAINST&rdquo;
    Proposal 2</B></FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 40%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Proposal 2</B>
    &ndash; To cast a non-binding advisory vote approving the compensation for the Company&rsquo;s named executive officers.</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">For</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Against</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Abstain</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends a vote for the &ldquo;One Year&rdquo; Option on Proposal
3</B></FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Proposal 3</B>
    &ndash; To cast a non-binding advisory vote on the frequency of the Say-on-Pay Vote.</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">One Year</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Two Years</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Three Years</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Abstain</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends a vote &ldquo;AGAINST&rdquo; Proposal 4</B></FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Proposal 4</B>
    &ndash;To approve a third amendment to the Amended and Restated Broadwind, Inc.
Equity Incentive Plan, as previously amended, to increase the number of shares of Common Stock available for awards under such Plan.</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">For</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Against</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Abstain</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Argyle recommends a vote &ldquo;FOR&rdquo; Proposal 5</B></FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Proposal 5</B>
    &ndash; To ratify the appointment of RSM US LLP as the Company&rsquo;s independent registered
public accounting firm for 2023</FONT></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">For</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Against</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 9pt">Abstain</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&#9744;</FONT></P></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; padding-left: 6pt"><FONT STYLE="font-size: 8pt"><B>PLEASE <U>SIGN</U>, <U>DATE</U>
    AND <U>PROMPTLY RETURN</U> THIS PROXY CARD USING THE ENCLOSED ENVELOPE</B></FONT></TD>
</TR>               <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; padding-left: 6pt"><FONT STYLE="font-size: 8pt"><B>ONLY VALID IF SIGNED AND DATED</B>.
    Please sign EXACTLY as name appears hereon. If more than one owner, each should sign. When signing as attorney, executor,
    administrator, trustee or guardian, please give full title as such. If a corporation or partnership, please sign in full corporate
    or partnership name by authorized officer.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 50%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 42%; border: Black 1pt solid; padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify; width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 6pt"><FONT STYLE="font-size: 8pt">Signature [PLEASE SIGN WITHIN BOX]</FONT></TD><TD STYLE="text-align: justify; padding-left: 6pt"><FONT STYLE="font-size: 8pt">Date</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: justify; padding-left: 6pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
