UNITED STATES

SECURITIES AND EXCHANGE COMMISSION



Washington, D.C. 20549



FORM 10-K



|[X]                                                    |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|------------------------------------------------------ |  | ------------------------------------------------------------------------------------
|                                                       |  | For the year ended December 31, 2012                                                
|[   ]                                                  |  | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  
|                                                       |  |                                                                                     
|For the transition period from             
        to

Commission file number: 000-54793



JPX GLOBAL INC.

(Exact name of registrant as specified in its
charter)



|Delaware                                                      |  | 26-2801338                         
|------------------------------------------------------------- |  | -----------------------------------
|(State or other jurisdiction ofincorporation or organization) |  | (I.R.S. EmployerIdentification No.)
|                                                              |  |                                    
|9864 E Grand River, Ste 110-301Brighton, MI                   |  | 48116                              
|(Address of principal executive offices)                      |  | (Zip Code)                         



(780) 349-1755

(Registrant’s telephone number, including
area code)



Securities registered pursuant to Section 12(b) of
the Act:



|None                |  | N/A                                      
|------------------- |  | -----------------------------------------
|Title of each class |  | Name of each exchange on which registered



Securities registered pursuant to Section 12(b)
of the Act: None



Securities registered pursuant to Section 12(g) of
the Act:None



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.  Yes o  No ý



Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act.  Yes o  No ý



Indicate by check mark whether the issuer (1) filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such
shorter




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period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Yes ý  No o



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).   Yes o  No ý



Indicate by checkmark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. ý



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated
filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.



|Large accelerated filer o |  | Accelerated filer o        
|------------------------- |  | ---------------------------
|Non-accelerated filer  o  |  | Smaller reporting company ý



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). o  Yes    ý  No



Based on the closing price of our common stock as listed on the
OTC Bulletin Board, the aggregate market value of the common stock of JPX Global, Inc. held by non-affiliates as of June 30, 2012
was $10,100.



As of March 27, 2013, there were 133,350,000 shares of common stock
outstanding.



DOCUMENTS INCORPORATED BY REFERENCE: 
None.







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|TABLE OF CONTENTS
|-----------------
|PART I           
|ITEM 1.          
|ITEM 1A.         
|ITEM 1B.         
|ITEM 2.          
|ITEM 3.          
|ITEM 4.          
|PART II          
|ITEM 5.          
|ITEM 6.          
|ITEM 7.          
|ITEM 7A.         
|ITEM 8.          
|ITEM 9.          
|ITEM 9A.         
|ITEM 9B.         
|PART III         
|ITEM 10.         
|ITEM 11.         
|ITEM 12.         
|ITEM 13.         
|ITEM 14.         
|PART IV          
|ITEM 15.         
|SIGNATURES       





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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS



Please see the note under “Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operation,” for a description of special
factors potentially affecting forward-looking statements included in this report.



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PART I

ITEM 1.   BUSINESS.

Company History

JPX Global, Inc.,(f.k.a. Jasper Explorations,
Inc.) (the “Company”), was organized under the laws of the State of Nevada on December 18, 2008 as Jubilee Resources,
Inc., to explore mineral properties in North America. The name of the Company was subsequently changed to Jasper Explorations,
Inc. on December 16, 2010. The name of the Company was again changed on January 3, 2013 from Jasper Explorations, Inc. to JPX Global,
Inc.

On January 3, 2013, the
Company approved the action to amend and restate the Articles of Incorporation of the and increase the authorized common shares
to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent of the holder
representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated
with super-voting rights of 100 votes per share of Series A Preferred Stock held, and is convertible into 10 shares of common stock
for every share of preferred stock held.



Prior to February 15, 2013, the Company
was primarily engaged in the exploration for copper, molybdenum and other minerals, but the Company did not realize any revenues.

On February 15, 2013, the Company entered
into an agreement to acquire all of the assets of Scorpex, Inc., a Nevada corporation, in exchange for 103,250,000 shares of Common
Stock and 5,000,000 shares of Series A Preferred Stock of the Company (such transaction is hereafter referred to as the “Acquisition”).
We are now a development stage waste disposal and recycling company, with the goal of storing and disposing all types of waste,
including those classified as industrial, toxic, and hazardous. With the acquisition of the Scorpex assets the Company has a business
model to capitalize on the opportunities available in the integrated waste, and waste management services sector primarily in Mexico.

Plan of Operations

We are a development stage company with no history
of operations. As a result of the Acquisition of the Scorpex assets, the Company intends to further capitalize on opportunities
in its integrated waste, and waste management service operations, including the receiving, storage, transfer and disposal in an
environmental manner. In providing these services, we intend to actively pursue projects and initiatives that we believe make a
positive difference for our environment which will be focused on gasification of waste in an environmental manner. It is expected
that our customer base will include commercial, industrial, municipal and residential customers, other waste management companies,
electric utilities, and governmental entity properties. As at December 31, 2012, we are an explorations stage company and have
not realized any revenues. We do not have sufficient capital to enable us to commence and complete our exploration program. We
will require additional financing in order to conduct the exploration programs described herein. Our auditors have issued a going
concern opinion, raising substantial doubt about the Company’s financial prospects and the Company’s ability to continue
as a going concern.



Waste management and collection involves picking up and transporting
waste from where it was generated to our planned gasification facilities. We intend to sub-contract our collection services. Waste
is defined as nonhazardous waste sent off-site for final disposal through gasification including household waste, commercial, business
or institutional waste, construction and demolition debris, regulated medical waste, yard waste, sludge, scrap tires and hazardous
waste.

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The Waste Gasification/Thermal Oxidation Plant, where we intend
to convert waste to ash, is a two-stage waste combustion process that converts combustible organic matter from its existing solid,
sludge or liquid state into a gas under an oxygen depleted environment (also known as “oxidation”). The resulting gas
product is then well mixed with ambient air before being burnt off in a secondary gas-processing unit.

The technology reverts any man made or organic waste product back
to its natural state, which is inert ash or breathable air. The technology is capable of handling community solid waste content
and biosolids including medical waste, tires, plastics, wood waste, oily waste, furniture and other organic or man-made compounds
found in municipal or industrial waste.



The intended plant is comprised of three basic components: a Primary
Gasification Cell, a Secondary Gas Processor, and a computerized Process Logic Controller. Combustible waste material is placed
into the primary gasification cell through the load access door. In some facilities this can be done via a loading conveyor. The
proposed design is to have collection vehicles dump their waste load directly into the primary oxidation cell.

The Primary Cell can be either a batch or continuous feed processor.
Based on our research, batch processing provides the most efficient and cost effective strategy for the waste management solution.
In the case of batch processing once the cell has received that days collected waste, the door is closed and the process is initiated.
The cell does not have to be full for the system to be activated.



An operator is responsible for supervising the loading of waste
material, and initiating the process startup. A computer keystroke (or optional manual button and lever control) which pre-heats
the secondary gas-processing unit accomplishes this start-up. Once that unit reaches its pre-set temperature, the primary gasification
cell heater is activated, and the process begins. Approximately 8 to 12 hours later, the organic wastes in the primary cell will
have been converted to a gas, and the cycle will generally be complete. The system will move to its “cool down” mode.
In another 4-6 hours, the system may be re-loaded, and another process started, with or without the removal of the preceding load’s
ash material.



Residual materials (bottles, cans, ash and misc.) need only to be
removed periodically. The composition of MSW consists mainly of organic and combustible waste. Glass and metals are easily extracted
in our plant design as it includes equipment that will assist in the process and cut down on labor man-hours. Ash removal is either
an automated or manual process. In automated unloading, the base of the primary gasification cell contains a ductile iron furnace
floor conveyor that evacuates material remaining in the base of the unit through a side access door. This dry waste material empties
into a storage bin, which can be removed to another location for recycling.

Aluminum, metal and glass can be completely recovered. Emissions
may be captured and used as a nonfossil fuel source for various “on site” processes.



Our intention is to take the ash that is left over from our disposal
process and create a brick out of the residue. The machines that will be used, through 60 thousand pounds of pressure, will create
this brick that can then be donated back to any municipality for various uses.



We intend to provide our services under two types of agreements:



| | • | For commercial and industrial collection services, we intend to enter a multi-year service agreement.
The fees under these agreements will be influenced by factors such as collection frequency, type and volume or weight of the waste
collected, distance to our facility, labor costs, cost of gasification and general market factors.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | • | For most residential collection services, we will have a contract with, or a franchise granted
by, a municipality, homeowners’ association or some other regional authority that will give us the exclusive right to service
all or a portion of the homes in an area. These contracts or franchises are typically for periods of one to five years. We expect
the fees for residential collection to be either paid by the municipality or authority from their tax revenues or service charges,
or are paid directly by the residents receiving the service.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



With its current assets, and without further financing, our auditor
has expressed substantial doubt as to our ability to continue as a Going Concern. However, the Company plans to raise the capital
necessary to fund our business through a private placement and public offering of our common stock.



Because the company has incurred losses, income
tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given the uncertainty of
the Company being able to utilize such loss carryforwards in future years. The Company anticipates incurring additional losses
during the coming year.



Market



We believe that the $55 billion US waste
management industry will play a substantial role in the coming economic recovery and the growth of worldwide trade as traditional
waste conversion, as well as the more technical methods such as gasification, plasma arc gasification, hydrolysis, and pyrolysis
become cheaper and more efficient. In a world where in 2011 alone, the world’s rapidly increasing urban population generated
nearly 2 billion tons of municipal solid waste (“MSW”), it is no longer sufficient to discard trash. It is estimated
that this number will rise to at least 2.9 billion tons by 2022. Today, more than 800 thermal waste-to-energy (“WTE”)
plants operate in nearly 40 countries around the globe. Led by Asia-Pacific and Europe, this number is expected to grow rapidly
over the next decade, potentially treating 396 million tons of MSW annually by 2022 with an estimated output of 151 terawatt hours
(TWh) of electricity. Of the municipal solid waste generated, 33 percent was recycled in 2011, up from 32 percent in 2010.



Competition



The solid waste industry is very competitive.
Competition comes from a number of publicly held solid waste companies, private solid waste companies, large commercial and industrial
companies handling their own waste collection or disposal operations and public and private waste-to-energy companies. We also
have competition from municipalities and regional government authorities with respect to residential and commercial solid waste
collection and solid waste landfills..



Operating costs, disposal costs and collection
fees vary widely throughout Mexico. The prices that we intend to charge will be determined locally, and typically vary by the volume
and weight, type of waste collected, treatment requirements, risk of handling or disposal, frequency of collections, distance to
final disposal sites, labor costs and amount and type of equipment furnished to the customer. We will face intense competition
in our core business based on pricing and quality of service. However, we believe that we can distinguish the Company from our
competition by providing precise accounting, exceptional customer service, comprehensive tax management, and competitive pricing.
While we intend to offer some customers credit terms, in most cases the credit lines will be secured by corporate or personal guarantees,
deposits, letters of credit or other bank instruments, and liens.



Mining Interests



The Company has acquired a copper prospect consisting of two (2)
claim units consisting of a total of 12 cells located about three (3) kilometers southwest of the town of Westwold, British Columbia,
Canada. The total claim area is 247.45 hectares. We refer to these mining claims as the Red Streak Jasper Property.

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We were an exploration stage company and we cannot provide assurance
to investors that our mineral claims contain a commercially exploitable mineral deposit, or reserve, until appropriate exploratory
work is done and an economic evaluation based on such work concludes economic feasibility.



Property Acquisition Details



JPX Global Inc. (fka Jasper Explorations Inc.) purchased the Red
Streak Jasper Property for USD $15,000.



Access



The Red Streak Jasper Property is located near Nimpkish
Lake, BC; about 35 minutes drive south of the town of Port McNeill on northern Vancouver Island. The property covers a recently
logged area in the vicinity of Kinman Creek, which flows westward into Nimpkish Lake. The property is accessible to 4 wheel drive
vehicles from the Island Highway via Canfor’s Kinman Creek logging road and by recent spurs which cross most of the claims.
The property contains strong attributes toward cost-effective property development, including easy access to road, rail, and deep-water
transportation facilities.









Fig. 1



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RED STREAK JASPER PROPERTY REGIONAL LOCATION
MAP



Topography, Climate, Vegetation



The climate of the Nimpkish area is
mild and wet, with about 400 cm of precipitation falling annually, mostly as rain. Snowfall covers the higher areas from November
to April, but seldom persists at lower elevations for more than a few weeks in mid-winter. First-growth conifer forest formerly
covered all of the claims, but recent clear-cut logging has exposed more than half the ground covered by the claims. Karst topography
and cave systems are commonly developed in the limestone near watercourses.







Fig.2



RED STREAK JASPER PROPERTY LOCATION MAP



Property Status



The Red Streak Jasper Property currently consists of 247.45 hectares
of mineral title. The Company has acquired 2 claim units of twelve (12) cell units located about near Nimpkish Lake, Northern Vancouver
Island, about 300 kilometers northwest of Vancouver, BC, Canada. The total claim area is 247.45 hectares. We refer to these mining
claims as the Red Streak Jasper Property.



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Previous Work



The Nimpkish Lake area has been explored for mineral deposits since
the early 1800’s. The Nimpkish Iron Mine on the Nimpkish River was discovered in the late 1800’s, followed by the Kinman
Creek Copper and Storey Creek or Smith Copper deposits in the 1920’s. After an initial flurry of development including short
underground workings, numerous surface trenches, and diamond drilling in the late 1920’s and early 1930’s, activity
in the area slowed greatly. Exploration for magnetite in the 1950’s and 1960’s brought about a resurgence of exploration.
The Nimpkish Iron Mine was put into production from 1959 to 1963, producing 1.275 million tonnes of iron from 2.17 million tonnes
of ore.



Exploration in the 1980’s and 1990’s concentrated on
copper and gold skarns. Prospecting by James Laird in 1988 - 1990 located several promising skarn deposits and a large resource
of high-grade white marble on what is now the CBL Property. Initial prospecting was also done over parts the ground covered by
the Red Streak Jasper property. A large area of highly altered rusty sediments intruded by granitic rocks in the lower Kinman Creek
valley was found to contain widespread small deposits of pyrite, chalcopyrite, sphalerite and galena (BC AR#20092, 1990).



The Red Streak Jasper occurrence was located and staked in the summer
of 2002 and has produced a limited amount (<1 tonne) of commercial lapidary-grade red jasper for test marketing. The Nimpkish
area has more recently been the subject of several geological assessment reports and a 2005 BC GSB mapping project.



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We do not believe we will explore
and develop this mining property in the future and will most likely sell this mining interest.





Fig. 3



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NIMPKISH AREA GEOLOGICAL OVERVIEW



The Nimpkish map-area is underlain by a 5 to 7 km thick stratigraphic
sequence of Upper Triassic to Lower Jurassic Vancouver Group sedimentary and volcanic rocks. Mineralization in this stratigraphy
generally occurs as skarn-type metal deposits forming in limestone or marble at or near the contact with younger intrusive granitic
bodies.



Historically, skarn-type deposits on Vancouver Island have been
economically important producers of base and precious metals, and several past mines have been in the multi-million tonne class.
Marble deposits of good colour and purity are also presently being mined at several locations on Vancouver and Texada Islands.



Regional Geology and Mineralization



The Nimpkish map area is underlain by a 5 to 7 km thick stratigraphic
sequence of Upper Triassic to Lower Jurassic Vancouver Group sedimentary and volcanic rocks. The sequence is composed of Upper
Triassic Karmutsen Formation marine mafic volcanics, overlain by Quatsino Formation limestone/marble, and Parson’s Bay Formation
calcareous sediments and tuffs, succeeded by the dominantly andesitic Lower Jurassic Bonanza Group Volcanics. All of these units
have been intruded and metamorphosed by a large Jurassic granodiorite pluton called the Nimpkish Batholith. Major uplift, folding
and faulting preceded and accompanied emplacement of the multi-phase granitic rocks and related skarn mineralization. Marble development
is common in the Quatsino limestone proximal to intrusions.



Skarn-hosted mineralization in the Nimpkish area is most often found
along the contact of limestone and intrusive rocks (exoskarn); in limestone-hosted sulphide-rich mantos and replacements; and at
the “triple point” contact between the Karmutsen and Quatsino formations and intrusives. Numerous greenstone dikes
and small intrusive stocks are found in the limestone adjacent to the major contact zones, and commonly have a “rind”
or contact metasomatic zone of skarn minerals and sulphides.



The common skarn minerals present include; green grossularite and
red-brown andradite garnet, epidote, diopside, manganese alteration (bustamite), calcite and quartz; with magnetite, chalcopyrite,
sphalerite, pyrite, pyrrhotite, limonite and occasionally marcasite, hematite, bornite, covellite, tetrahedrite, galena, molybdenite,
malachite, azurite, and greenockite. Other minerals noted in the altered zones include; sericite, biotite, k-feldspar and chlorite
and occasionally red jasper, jade-green serpentine, blue to lavender dumortierite, lemon-yellow vesuvianite, and green to black
tourmaline.



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The property has been physically
examined by Greg Thompson, B.Sc., P.Geo. He has informed the Company that significant surface exploration potential still exists
in the Nimpkish area.





Fig. 4



RED STREAK AREA STRATIGRAPHIC COLUMN



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Fig.5



RED STREAK JASPER PROPERTY MAP



Red Streak Jasper property Geology and Mineralization



The main rock units exposed on the Red Streak Jasper property are
Parson’s Bay Formation sediments and volcaniclastics, granodiorite of the Island Intrusions Plutonic Suite, and a limited
area of Karmutsen Formation Basalt along the eastern edge of the property.



The Parson’s Bay Formation is a complex limestone and volcaniclastic
sediment package with rapid vertical and lateral changes in facies. Rock types include black limestone, thin-bedded cherty tuffaceous
limestone, agglomeratic limestone, grey coralline limestone reefs, thin-bedded calcareous argillite, and quartzite. Marine fossils
are common in some units and are usually well preserved. Andesite flows, sills, breccias and dikes representing the earliest stages
of the Bonanza Volcanics are locally present. The Parson’s Bay Formation is generally fractured and faulted near the numerous
intrusives of the Island Intrusions, and is very rusty due to abundant pyritization. Minor mineral deposits containing pyrite,
chalcopyrite, sphalerite, galena and tetrahedrite are common in shear zones near the intrusives.



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---

The intrusive plutonic suite regionally known as the Island Intrusions
includes stocks, sills, and dikes of granodiorite, with some diorite, quartz diorite, greenstone, hornblende-feldspar porphyry,
felsite and quartz-feldspar porphyry. The contact-altered granitic rocks can host minor occurrences of pyrite, chalcopyrite and
molybdenite in endoskarn zones, vein systems, shears, breccias and disseminations.

The limited area of Karmutsen basalt on the eastern boundary was
found to contain minor amounts of pyrite, magnetite and chalcopyrite.









Fig. 6



RED STREAK JASPER



The original mineral deposit located on the Red Streak Jasper property
is a lapidary-quality red jasper deposit located close to a major logging road. Three separate jasper-bearing shear zones cross
an andesite flow or sill. The jasper has been hand-trenched and test sampled, removing about one tonne of material for test-marketing.
The jasper is a striking bright red colour with patches of pyrite and green epidote. It has been successfully fashioned into cabochons,
polished slabs and tumbled stones by various lapidary shops and mineral clubs.





---



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An approximate price the raw material sold for in <1 kg.-sized
pieces was $5.00/kg. Given the visible trenched length of the known deposits and assuming a similar depth and width, in excess
of ten tonnes of jasper is approximated to be present.



On the north side of Kinman Creek along the access road, a one-metre
wide shear-hosted deposit containing sphalerite, galena, chalcopyrite and tetrahedrite has been located. Assays from this zone
give values up to 38 ppm silver, 9.74% zinc, 4.34% lead, 3.51% copper, 388 ppm molybdenum, and 811 ppm cadmium.



The rock units present in the lower Kinman Creek area are highly
altered and pyritized by stocks and dikes of granodiorite. The style of mineralization present is possibly related to a porphyritic
phase of the Nimpkish intrusion.









Fig7



LOWER KINMAN CREEK VALLEY



CONCLUSIONS AND RECOMMENDATIONS



A proposed work program includes reconnaissance prospecting, geological
mapping and rock sampling, construction of a control grid, EM and magnetometer geophysical surveys, and soil geochemical sampling.
The anticipated costs of this development are presented in three results-contingent stages.



Description of the sample collection:



The jasper has been hand-trenched and test sampled, removing about
one tonne of material for test-marketing. The jasper is a striking bright red colour with patches of pyrite and green epidote.
It has been successfully fashioned into cabochons, polished slabs and tumbled stones by various lapidary shops and mineral clubs.
An approximate price the raw material sold for in <1 kg.-sized pieces was $5.00/kg. Given the visible trenched length of the
known deposits and assuming a similar depth and width, in excess of ten tonnes of jasper is approximated to be present.



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On the north side of Kinman Creek along the access road, a one-metre
wide shear-hosted deposit containing sphalerite, galena, chalcopyrite and tetrahedrite has been located. Assays from this zone
give values up to 38 ppm silver, 9.74% zinc, 4.34% lead, 3.51% copper, 388 ppm molybdenum, and 811 ppm cadmium.



The rock units present in the lower Kinman Creek area are highly
altered and pyritized by stocks and dikes of granodiorite. The style of mineralization present is possibly related to a porphyritic
phase of the Nimpkish intrusion.



|Phase 1 Cost Estimate                            |   |        | 
|------------------------------------------------ | - | ------ | 
|                                                 |   |        | 
|Consultant/Project Manager – 7 days @ $450/day   | $ | 3,150  | 
|Geologist – 7 days @ $450/day                    | $ | 3,150  | 
|Sampler/Geological Assistant – 7 days @ $250/day | $ | 1,750  | 
|Truck rental – 1500 km @ 0.75/km inclusive       | $ | 1,125  | 
|Rock assay samples – 50 @ $50.00 per sample      | $ | 2,500  | 
|Soil and silt samples – 150 @ $25.00 per sample  | $ | 3,750  | 
|BC Ferries                                       | $ | 250    | 
|Per diem – 21 man-days @ $125.00 m/day           | $ | 2,625  | 
|Misc. sampling and field supplies                | $ | 500    | 
|Report and reproduction costs                    | $ | 1,500  | 
|Total                                            | $ | 20,300 | 



|Phase 2                                                                                                                                                                                                                                          |   |         | 
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - | ------- | 
|                                                                                                                                                                                                                                                 |   |         | 
|Detailed geological mapping and rock sampling, grid construction, soil and silt geochemical survey, IP and magnetometer surveys, establish drill and trenching targets, four-man crew with supplies, transportation, report; est.14 day program.
|                                                                                                                                                                                                                                                 | $ | 90,000  | 
|                                                                                                                                                                                                                                                 |   |         | 
|Phase 3                                                                                                                                                                                                                                          |   |         | 
|                                                                                                                                                                                                                                                 |   |         | 
|1000 meters of diamond drilling @ $100.00 per meter, plus geological supervision, assistant, supplies, transportation, assays, report and other ancillary costs; est. 21 day program.                                                           
|                                                                                                                                                                                                                                                 | $ | 170,000 | 
|                                                                                                                                                                                                                                                 |   |         | 
|TOTAL                                                                                                                                                                                                                                            | $ | 280,300 | 



Compliance with Government Regulation



We will be required to conduct all mineral exploration activities
in accordance with government regulations. Such operations are subject to various laws governing land use, the protection of the
environment, production, exports, taxes, labor standards, occupational health, waste disposal, toxic substances, well safety and
other matters. Unfavorable amendments to current laws, regulations and permits governing operations and activities of resource
exploration companies, or more stringent implementation thereof, could have a materially adverse impact and cause increases in
capital expenditures which could result in a cessation of operations.



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Employees



As of December 31, 2012, we had 2 employees/independent
contractors including a manager / attorney, consultant, and property security. We used the services of various contract personnel
from time to time. Although national unemployment rates remain high relative to historical averages, there exists a significant
amount of competition for skilled personnel in the waste management and waste conversion industry. Nevertheless, we expect to
be able to attract and retain such additional employees as are necessary, commensurate with the anticipated future expansion of
our business resulting from future acquisitions and joint ventures. Further, we expect to continue to use consultants, contract
labor, attorneys and accountants as necessary.



Available Information



JPX Global (fka Jasper Explorations Inc.)
is subject to the information requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith files
quarterly and annual reports, as well as other information with the Securities and Exchange Commission (“Commission”)
under File No. 000-54793. Such reports and other information filed with the Commission can be inspected and copied at the public
reference facilities maintained by the Commission at 450 Fifth Street, N.W., Washington, D.C. 20549 at prescribed rates, and at
various regional and district offices maintained by the Commission throughout the United States. Information about the operation
of the Commission’s public reference facilities may be obtained by calling the Commission at 1-800-SEC-0330. The Commission
also maintains a website at http://www.sec.govthat contains reports and other information regarding the Company and other
registrants that file electronic reports and information with the Commission.



ITEM 1A.   RISK FACTORS.



Since we are a smaller reporting company, we
are not required to supply the information required by this Item 1A.



ITEM 1B.   UNRESOLVED STAFF COMMENTS.



None.



ITEM 2.   PROPERTIES.



Our principal executive offices are located
at 9864 E Grand River, Ste 110-301, Brighton, Michigan 48116. We believe that our office facilities are suitable and adequate for
our operations as currently conducted and contemplated.



ITEM 3.   LEGAL PROCEEDINGS.



We are not a party to any material legal proceedings
and to our knowledge, no such proceedings are threatened or contemplated.



ITEM 4.   MINE SAFETY DISCLOSURES



Not Applicable

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PART II



ITEM 5.   MARKET FOR COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AND PURCHASES OF EQUITY SECURITIES.



Market Information



Our common stock trades on the OTC:BB
under the symbol “JPEX.OB” The range of high and low quotations for the common stock by fiscal quarter within the last
two fiscal years is not applicable to the Company because we just started to trade after December 31, 2012.



Number of Holders



As of March 26, 2013, there were approximately
31 record holders of our common stock, not counting shares held in “street name” in brokerage accounts which
is unknown. As of March 26, 2013, there were 133,350,000 shares of common stock outstanding on record with our stock transfer agent.



Dividends



The Company has not paid any cash dividends
on its Common Stock since inception and does not anticipate paying cash dividends in the foreseeable future. The Company anticipates
that any future earnings will be retained for use in developing and/or expanding the business.



Sales of Unregistered Securities



On February 15, 2013, JPX Global, Inc.
entered into an agreement to acquire all of the assets of Scorpex, Inc., a Nevada corporation, in exchange for 103,250,000 shares
of Common Stock and 5,000,000 shares of Series A Preferred Stock of the Company.



On August 17, 2011 the Company issued
100,000 common shares at par value for services rendered.



On August 31, 2010, the company issued
30,000,000 private placement common shares to its founder for cash of $30,000.



With respect to the transactions noted
above, no solicitation was made and no underwriting discounts were given or paid in connection with these transactions. The Company
believes that the issuance of the shares as described above was exempt from registration with the Securities and Exchange Commission
pursuant to Section 4(2) of the Securities Act of 1933.



Penny Stock Rules



The SEC has also adopted rules that regulate
broker-dealer practices in connection with transactions in “penny stocks” as such term is defined by Rule 15g-9. Penny
stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities
exchanges or quoted on the Nasdaq system provided that current price and volume information with respect to transactions in such
securities is provided by the exchange or system).



The shares offered by this prospectus constitute
penny stocks under the Exchange Act. The shares may remain penny stocks for the foreseeable future. The classification of our shares
as penny stocks makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult
for a purchaser to liquidate his or her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or
her shares in JPX Global will be subject to the penny stock rules.



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The penny stock rules require a broker-dealer,
prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure document
approved by the SEC, which: (i) contains a description of the nature and level of risk in the market for penny stocks in both public
offerings and secondary trading; (ii) contains a description of the broker’s or dealer’s duties to the customer and
of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of the Securities
Act; (iii) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and
significance of the spread between the bid and ask price; (iv) contains a toll-free telephone number for inquiries on disciplinary
actions; (v) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and (vi) contains
such other information and is in such form as the SEC shall require by rule or regulation. The broker-dealer also must provide
to the customer, prior to effecting any transaction in a penny stock, (i) bid and offer quotations for the penny stock; (ii) the
compensation of the broker-dealer and its salesperson in the transaction; (iii) the number of shares to which such bid and ask
prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (iv) monthly
account statements showing the market value of each penny stock held in the customer’s account.



In addition, the penny stock rules require that,
prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination
that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written acknowledgment of the
receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy
of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the
secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty
selling those securities.



ITEM 6.   SELECTED FINANCIAL DATA.



Not required.



ITEM 7.   MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



Forward-Looking Statements



This report contains forward-looking statements
that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions
to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual
results are likely to differ materially from those anticipated in these forward-looking statements for many reasons.



Overview



On February 15, 2013, the Company entered into
an agreement to acquire all of the assets of Scorpex, and with the acquisition of Scorpex the Company will change its business
model to capitalize on the opportunities available in the integrated waste, and waste management services sector primarily in Mexico.
The Company intends to further capitalize on opportunities in its integrated waste, and waste management service operations, including
the receiving, storage, transfer and disposal in an environmental manner. In providing these services, we intend to actively pursue
projects and initiatives that we believe make a positive difference for our environment which will be focused on gasification of
waste in an environmental manner. It is expected that our customer base will include commercial, industrial, municipal and residential
customers, other waste management companies, electric utilities, and governmental entity properties. We are an exploration stage
company and we have not realized any revenues to date. We do not have sufficient capital to enable us to commence and complete
our exploration program. We will require additional financing in order to conduct the exploration program described herein."
Our auditors have issued a going concern opinion, raising substantial doubt about the Company's financial

20


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prospects, and the Company’s
ability to continue as a going concern. As a waste management company, our principal sources of revenue will result from waste
management contracts, but will also include revenue from ancillary services related to the handling and conversion of waste. Expenses
which comprise the costs of goods sold include the operational and staffing costs of the trucks and other vehicles used for transporting
and special licensing where required. General and administrative expenses have been comprised of administrative wages and benefits;
occupancy and office expenses; outside legal, accounting and other professional fees; travel and other miscellaneous office and
administrative expenses. Selling and marketing expenses include selling/marketing wages and benefits, advertising and promotional
expenses, as well as travel and other miscellaneous related expenses.



Because we have incurred
losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given our
uncertainty of being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during
the coming year.

Results of Operations



Following is management’s discussion of
the relevant items affecting results of operations for the years ended December 31, 2012 and 2011.



Revenues. The Company generated net revenues
of $0 during the year ended December 31, 2012 as compared to $0 for the year ended December 31, 2011.



Salaries and Consulting Expenses. Salaries
and consulting expenses for the year ended December 31, 2012 were $0, compared to $0 during the year 2011.



Professional Fees. Professional fees
for the year ended December 31, 2012 were $14,557 compared to $14,427 during 2011. We anticipate that professional fees will increase
in future periods as we scale up our operations.



Other Income . The Company had net other
income of $0 for the year ended December 31, 2012 compared to net other income of $0 during 2011..



Liquidity and Capital Resources



As of December 31, 2012, the Company’s
primary source of liquidity consisted of $30,000 in cash and cash equivalents. The Company holds its cash reserves In trust account.
Since inception, the Company has financed its operations through a combination of short -term loan from the founder and through
the private placement of its common stock.



The Company has sustained significant net losses
which have resulted in an accumulated deficit at December 31, 2012 of $51,578 and is currently experiencing a substantial shortfall
in operating capital which raises doubt about the Company’s ability to continue as a going concern. The Company generated
a net loss for the year ended December 31, 2012 of $14,557compared to a net loss for the year ended December 31, 2011 of $14,518.
Without additional revenues, working capital loans, or equity investment, there is substantial doubt as to our ability to continue
operations.



We believe these conditions have resulted from
the inherent risks associated with small public companies. Such risks include, but are not limited to, the ability to (i) generate
revenues and sales of our products and services at levels sufficient to cover our costs and provide a return for investors, (ii)
attract additional capital in order to finance growth, and (iii) successfully compete with other comparable companies having financial,
production and marketing resources significantly greater than those of the Company.



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We believe that our capital resources are insufficient
for ongoing operations, with minimal current cash reserves, particularly given the resources necessary to expand our waste management
business. We will likely require considerable amounts of financing to make any significant advancement in our business strategy.
There is presently no agreement in place that will guarantee financing for our Company, and we cannot assure you that we will be
able to raise any additional funds, or that such funds will be available on acceptable terms. Funds raised through future equity
financing will likely be substantially dilutive to current shareholders. Lack of additional funds will materially affect our Company
and our business, and may cause us to substantially curtail or even cease operations. Consequently, you could incur a loss of your
entire investment in the Company.



Off-Balance Sheet Arrangements



We do not have any off-balance sheet arrangements.



Critical Accounting Policies



We believe the following critical accounting
policies are used in the preparation of our financial statements:



Use of Estimates.The
preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying
notes. Actual results could differ from those estimates. On a periodic basis, management reviews those estimates, including those
related to valuation allowances, loss contingencies, income taxes, and projection of future cash flows.



Research and Development.Research
and development costs are charged to operations when incurred and are included in operating expenses.



Recent Accounting Pronouncements



See Note 1 in the Notes to the Financial Statements
for recent accounting pronouncements.



There were various other accounting standards
and interpretations recently issued, none of which are expected to a have a material impact on the Company's financial position,
operations or cash flows.



Forward-Looking Statements



This report contains or incorporates by reference
forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning
our future business plans and strategies, the receipt of working capital, future revenues and other statements that are not historical
in nature. In this report, forward-looking statements are often identified by the words “anticipate,” “plan,”
“believe,” “expect,” “estimate,” and the like. These forward-looking statements reflect our
current beliefs, expectations and opinions with respect to future events, and involve future risks and uncertainties which could
cause actual results to differ materially from those expressed or implied.



Other uncertainties that could affect the accuracy
of forward-looking statements include:



| | • | the worldwide economic situation;
| | - | ---------------------------------

| | • | any changes in interest rates or inflation;
| | - | -------------------------------------------

| | • | the willingness and ability of third parties to honor their contractual commitments;
| | - | ------------------------------------------------------------------------------------

| | • | our ability to raise additional capital, as it may be affected by current conditions in the  stock
market and competition for risk capital;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------

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| | • | our capital expenditures, as they may be affected by delays or cost overruns;
| | - | -----------------------------------------------------------------------------

| | • | environmental and other regulations, as the same presently exist or may later be amended;
| | - | -----------------------------------------------------------------------------------------

| | • | our ability to identify, finance and integrate any future acquisitions; and
| | - | ---------------------------------------------------------------------------

| | • | the volatility of our common stock price.
| | - | -----------------------------------------



This list is not exhaustive of the factors that
may affect any of our forward-looking statements. You should read this report completely and with the understanding that our actual
future results may be materially different from what we expect. These forward-looking statements represent our beliefs, expectations
and opinions only as of the date of this report. We do not intend to update these forward looking statements except as required
by law. We qualify all of our forward-looking statements by these cautionary statements.



ITEM 7A.   QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK



Not Applicable.

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ITEM 8.   FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA



|CONTENTS                                               
|-------------------------------------------------------
|                                                       
|Report of Independent Registered Public Accounting Firm
|                                                       
|Balance Sheets                                         
|                                                       
|Statements of Operations                               
|                                                       
|Statements of Stockholders’ Deficit                    
|                                                       
|Statements of Cash Flows                               
|                                                       
|Notes to the Financial Statements                      





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|Office Locations
Las Vegas, NV
New York, NY
Pune, India
Beijing, China | 
|---------------------------------------------------------------------- | 









REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM



To the Board of Directors and Stockholders

JPX Global Inc. (f/k/a Jasper Exploration, Inc)



We have audited the accompanying balance sheet
of JPX Global Inc. (f/k/a Jasper Exploration, Inc), (An Exploration Stage Company) as of December 31, 2012 and 2011 and the related
statements of operations, stockholders’ deficit, and cash flows from inception (December 18, 2008) to December 31, 2012.
JPX Global Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on
these financial statements based on our audits.



We conducted our audits in accordance with
the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company
is not required to have, nor were we engaged to perform an audit of its internal control over financial reporting. Our audit included
consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control over
the financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable
basis for our opinion.



In our opinion, the financial statements referred
to above present fairly, in all material respects, the financial position of JPX Global Inc. (An Exploration Stage Company) as
of December 31, 2012 and 2011 and the result of its operations and its cash flows from inception (December 18, 2008) to December
31, 2012, in conformity with accounting principles generally accepted in the United States of America.



The accompanying
financial statements have been prepared assuming the Company will continue as a going concern. As discussedin Note 2 to
the financial statements, the Company has suffered losses from operations, which raise substantial doubt about its ability to continue
as a going concern. Management’s plans in regard to these matters are alsodescribed in Note 2.
The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



/s/ De Joya Griffith, LLC

Henderson, Nevada

March 23, 2013



















De Joya Griffith, LLC ● 2580 Anthem
Village Dr. ● Henderson, NV ● 89052

Telephone (702) 563-1600 ● Facsimile
(702) 920-8049

www.dejoyagriffith.com

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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(An Exploration Stage Company)                                                                                                                                                           
|Balance Sheets                                                                                                                                                                           
|(Stated in US Dollars) Audited                                                                                                                                                           
|                                                                                                                                                                                         
|                                                                                                                                                                                         
|                                                                                                                                                                                         
|Assets                                                                                                                                                                                   
|Current assets                                                                                                                                                                           
|Cash                                                                                                                                                                                     
|Total current assets                                                                                                                                                                     
|                                                                                                                                                                                         
|Total assets                                                                                                                                                                             
|                                                                                                                                                                                         
|                                                                                                                                                                                         
|Liabilities and Stockholders’ Deficit                                                                                                                                                    
|Current liabilities                                                                                                                                                                      
|Accounts payable and accrued liabilities                                                                                                                                                 
|Advance from shareholder                                                                                                                                                                 
|Convertible loan payable - related party                                                                                                                                                 
|Total current liabilities                                                                                                                                                                
|                                                                                                                                                                                         
|Total liabilities                                                                                                                                                                        
|                                                                                                                                                                                         
|                                                                                                                                                                                         
|Stockholders’ deficit                                                                                                                                                                    
|Common stock, $0.001 par value 500,000,000 common shares authorized Preferred stock,
    $0.001 par value 40,000,000 preferred shares authorized 30,100,000 shares issued and outstanding
|Deficit accumulated during exploration stage                                                                                                                                             
|Total stockholders’ deficit                                                                                                                                                              
|                                                                                                                                                                                         
|Total liabilities and stockholders’ deficit                                                                                                                                              





The accompanying notes are an integral part
of these financial statements.

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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|Statements of Operations                         
|(Stated in US Dollars)
        Audited           



|                                                                           |  | For the year ended December 31, 2012 |            | For the year ended December 31, 2011 |  | From inception (December 18, 2008) to December 31, 2012
|-------------------------------------------------------------------------- |  | ------------------------------------ | ---------- | ------------------------------------ |  | -------------------------------------------------------
|Revenue                                                                    |  | $                                    | —          |                                      |  | $                                                      
|                                                                           |  |                                      |            |                                      |  |                                                        
|Expenses                                                                   |  |                                      |            |                                      |  |                                                        
|Impairment loss on mineral claims                                          |  |                                      |            |                                      |  |                                                        
|Accounting & professional fees                                             |  |                                      | 14,557     |                                      |  |                                                        
|Total expenses                                                             |  |                                      | 14,557     |                                      |  |                                                        
|                                                                           |  |                                      |            |                                      |  |                                                        
|Net loss from operations                                                   |  |                                      | (14,557    | )                                    |  |                                                        
|                                                                           |  |                                      |            |                                      |  |                                                        
|                                                                           |  |                                      |            |                                      |  |                                                        
|Net loss                                                                   |  | $                                    | (14,557    | )                                    |  | $                                                      
|                                                                           |  |                                      |            |                                      |  |                                                        
|Basic loss per common share                                                |  | $                                    | (0.00      | )                                    |  | $                                                      
|                                                                           |  |                                      |            |                                      |  |                                                        
|                                                                           |  |                                      |            |                                      |  |                                                        
|Weighted average number of common shares- basic                            |  |                                      | 30,100,000 |                                      |  |                                                        
|The accompanying notes are an integral part of these financial statements.



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|JPX Global, Inc. (f/k/a Jasper Explorations
Inc.).     
|-------------------------------------------------------
|(An Exploration Stage Company)                         
|STATEMENT OF STOCKHOLDERS’ DEFICIT                     
|From Inception (December 18, 2008) to December 31, 2012
|(Stated in US Dollars)                                 
|Audited                                                



|                                                        |  |  |              |  |  |   |        |  |  |   | Deficit     |   |  |   | Total   |  
|------------------------------------------------------- |  |  | ------------ |  |  | - | ------ |  |  | - | ----------- | - |  | - | ------- | -
|                                                        |  |  | Common Stock |  |  |   | Amount |  |  |   | Accumulated |   |  |   | Equity  |  
|                                                        |  |  | Shares       |  |  |   |        |  |  |   | During      |   |  |   |         |  
|                                                        |  |  |              |  |  |   |        |  |  |   | Exploration |   |  |   |         |  
|                                                        |  |  |              |  |  |   |        |  |  |   | Stage       |   |  |   |         |  
|Balance at Inception (December 18, 2008)                |  |  |              |  |  | $ | —      |  |  | $ | —           |   |  | $ | —       |  
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Net operating loss for the year ended December 31, 2008 |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Balance, December 31, 2008                              |  |  | —            |  |  |   | —      |  |  |   | —           |   |  |   | —       |  
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Net operating loss for the year ended December 31, 2009 |  |  |              |  |  |   |        |  |  |   | (1,500      | ) |  |   | (1,500  | )
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Balance, December 31, 2009                              |  |  | —            |  |  |   | —      |  |  |   | (1,500      | ) |  |   | (1,500  | )
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Issuance of 30,000,000 shares at $0.001 per share       |  |  | 30,000,000   |  |  |   | 30,000 |  |  |   | —           |   |  |   | 30,000  |  
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Net operating loss for the year ended December 31, 2010 |  |  |              |  |  |   |        |  |  |   | (21,003     | ) |  |   | (21,003 | )
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Balance, December 31, 2010                              |  |  | 30,000,000   |  |  |   | 30,000 |  |  |   | (22,503     | ) |  |   | 7,497   |  
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Net operating loss for the year ended December 31, 2011 |  |  | —            |  |  |   | —      |  |  |   | (14,518     | ) |  |   | (14,518 | )
|                                                        |  |  |              |  |  |   |        |  |  |   |             |   |  |   |         |  
|Shares issued for services                              |  |  | 100,000      |  |  |   | 100    |  |  |   | —           |   |  |   | 100     |  
|Balance, December 31, 2011                              |  |  | 30,100,000   |  |  |   | 30,100 |  |  |   | (37,021     | ) |  |   | (6,921  | )
|Net operating loss for the year ended December 31, 2012 |  |  | —            |  |  |   | —      |  |  |   | (14,557     | ) |  |   | (14,557 | )
|Balance, December 31, 2012                              |  |  | 30,100,000   |  |  | $ | 30,100 |  |  | $ | (51,578     | ) |  | $ | (21,478 | )





The accompanying notes are an integral part
of these financial statements.





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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|Statements of Cash Flows                         
|(Stated in US Dollars)
        Audited           



|                                                          |  |   |                   |   |                   |         |   |                     |   | From inception |  
|--------------------------------------------------------- |  | - | ----------------- | - | ----------------- | ------- | - | ------------------- | - | -------------- | -
|                                                          |  |   | For the year      |   | For the year      |         |   | (December 18, 2008) |  
|                                                          |  |   | ended             |   | ended             |         |   | to                  |  
|                                                          |  |   | December 31, 2012 |   | December 31, 2011 |         |   | December 31, 2012   |  
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Operating Activities                                      |  |   |                   |   |                   |         |   |                     |   |                |  
|Net loss                                                  |  | $ | (14,557           | ) | $                 | (14,518 | ) |                     | $ | (51,478        | )
|Adjustments to reconcile net loss to net cash             |  |   |                   |   |                   |         |   |                     |   |                |  
|used in operating activities                              |  |   |                   |   |                   |         |   |                     |   |                |  
|Issue of shares for services                              |  |   | —                 |   |                   | 100-    |   |                     |   | 100            |  
|Impairment loss of mineral claims                         |  |   | —                 |   |                   | —       |   |                     |   | 15,000         |  
|Changes in operating assets and liabilities               |  |   | (5,421            | ) |                   | 5,421   |   |                     |   | —              |  
|Net cash used in operating activities                     |  |   | (19,978           | ) |                   | (8,997  | ) |                     |   | (36,478        | )
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Investing Activities                                      |  |   |                   |   |                   |         |   |                     |   |                |  
|Purchase of mineral claim                                 |  |   | —                 |   |                   | —       |   |                     |   | (15,000        | )
|Net cash used in investing activities                     |  |   | —                 |   |                   | —       |   |                     |   | (15,000        | )
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Financing Activities                                      |  |   |                   |   |                   |         |   |                     |   |                |  
|Proceeds from convertible loan payable -                  |  |   |                   |   |                   |         |   |                     |   |                |  
|related party                                             |  |   | —                 |   |                   | —       |   |                     |   | 1,500          |  
|Proceeds from shareholder advances                        |  |   | 49,978            |   |                   |         |   |                     |   | 49,978         |  
|Proceeds on sale of common stock                          |  |   | —                 |   |                   | —       |   |                     |   | 30,000         |  
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Net cash provided by financing activities                 |  |   | 49,978            |   |                   | —       |   |                     |   | 81,478         |  
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Net increase(decrease) in cash                            |  |   | 30,000            |   |                   | (8,997  | ) |                     |   | 30,000         |  
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Cash at beginning of period                               |  |   | —                 |   |                   | 8,997   |   |                     |   | —              |  
|Cash at end of period                                     |  | $ | 30,000            |   | $                 | 3,497   |   |                     | $ | 30,000         |  
|                                                          |  |   |                   |   |                   |         |   |                     |   |                |  
|Non cash financing activities: Shares issued for services |  |   |                   |   | $                 | 100     |   |                     | $ | 100            |  
|Interest                                                  |  |   | —                 |   |                   | —       |   |                     |   | —              |  
|Income Tax                                                |  |   | —                 |   |                   | —       |   |                     |   | —              |  



The accompanying notes are an integral part of
these financial statements.





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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|NOTES TO THE FINANCIAL STATEMENTS                
|(AUDITED)                                        



1. ORGANIZATION



The company was incorporated under the
laws of the state of Nevada on December 18, 2008, with 75,000,000 authorized common shares with a par value of $0.001. On January
3, 2013, the Company approved the action to amend and restate the Articles of Incorporation of the and increase the authorized
common shares to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent
of the holder representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was
created and designated with super-voting rights of 100 votes per share of Series A Preferred Stock held, and is convertible into
10 shares of common stock for every share of preferred stock held.

The company was organized for the purpose of acquiring and exploringmineral claims. The company acquired a mineral claim with unknown reserves. The company does not presently have any operations
and is considered to be in the exploration stage.



2. GOING CONCERN



The accompanying financial statements have been prepared assuming
that the company will continue as a going concern. The company does not have a sufficient working capital for its planned activity,
and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company has incurred
accumulated losses of $(51,578) since inception through December 31, 2012.



Continuation of the company as a going concern is dependent upon
obtaining additional working capital and the management of the company has developed a strategy which it believes will accomplish
this objective through short term loans from an officer-director, and additional equity investments, which will enable the company
to continue operations for the coming year. These financial statements do not include any adjustments relating to the recoverability
and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.



3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Accounting Methods



The company recognizes income and expenses based on the accrual
method of accounting. The Basis is United States generally accepted accounting principles.



Income Tax



The company utilizes the liability method of accounting for income
taxes. Under the liability method deferred tax assets and liabilities are determined based on the differences between financial
reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in
effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more
likely than not that such tax benefits will not be realized.



Since inception through December 31, 2012, the company had a net
operating loss available for carry forward of $51,578.

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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|NOTES TO THE FINANCIAL STATEMENTS                
|(AUDITED)                                        



Basic and Diluted Net Income (loss) Per Share





The Company follows ASC Topic 260 to account for the earnings per
share. Basic earning per common share (“EPS”) calculations are determined by dividing net income by the weighted average
number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing
net income by the weighted average number of common shares and dilutive common share equivalents outstanding.. Because the Company
does not have any potentially dilutive securities as at December 31, 2012, the accompanying presentation is only of basic loss
per common share.



Cash & Cash Equivalents



For the purposes of the statement of cash flows, the Company considers
all highly liquid investments with a maturity of three months or less to be cash equivalents.



Revenue Recognition



Revenue is recognized on the sale and delivery of a product or the
completion of a service provided. The Company currently has no revenue to date.



Advertising and Market Development



The company expenses advertising and market development costs as
research data expenses. As at December 31, 2012 the company has not incurred any cost on advertising and market development.



Impairment of Long-Lived Assets



The Company reviews and evaluates long-lived assets for impairment
when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject
to impairment consideration under FASB ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not
be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the
rules of FASB ASC 930-360-35, Asset Impairment, and 360-10 through 15-5, Impairment or Disposal of Long-Lived Assets.



Environmental Requirements



At the report date, environmental requirements related to a formally
held mineral claim are unknown and therefore any estimate of future costs cannot be made.



Mineral Property Acquisitions Costs



Costs of acquisition and option costs of mineral rights are capitalized
upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine
areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property
is a commercially mineable property.

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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|NOTES TO THE FINANCIAL STATEMENTS                
|(AUDITED)                                        



Costs incurred to maintain current production or to maintain assets
on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility
study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related
property and equipment costs. To determine if these costs are in excess of their recoverable amount periodic evaluation of carrying
value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated
salvage value in accordance with FASB Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived
Assets.



Various factors could impact our ability to achieve forecasted production
schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions
the Company may use in cash flow models from exploration stage mineral interests. This, however, involves further risks in addition
to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level
of confidence that the identified mineralized material can ultimately be mined economically.



Estimates and Assumptions



Management uses estimates and assumptions in preparing financial
statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts
of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual
results could vary from the estimates that were assumed in preparing these financial statements.



Stock-based compensation



The Company records stock based compensation in accordance with
the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee
stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires
instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based
awards on a graded vesting basis over the vesting period of the award.



The Company accounts for equity instruments issued in exchange for
the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the
FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value
of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration
other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider
of goods or services as defined by FASB ASC 505-50.



Fair value of financial instruments



Fair value estimates discussed herein are based upon certain market
assumptions and pertinent information available to management as of December 31, 2012. The respective carrying value of certain
on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses
and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term
in nature and their carrying amounts approximate fair values or they are payable on demand.



Level 1: The preferred inputs to valuation efforts
are "quoted prices in active markets for identical assets or liabilities," with the caveat that the reporting entity
must have access to that market. Information at this level is based on

direct observations of transactions involving the same assets and
liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets,
actually trade in active markets.



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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|NOTES TO THE FINANCIAL STATEMENTS                
|(AUDITED)                                        



Level 2: FASB acknowledged that active markets for identical assets
and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To
deal with this shortage of direct

data, the board provided a second level of inputs that can be applied
in three situations.



Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges
that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as "unobservable,"
and limits their use by saying they "shall be used to measure fair value to the extent that observable inputs are not available."
This category allows "for situations in which there is little, if any, market activity for the asset or liability at the measurement
date". Earlier in the standard, FASB explains that "observable inputs" are gathered from sources other than the
reporting company and that they are expected to reflect assumptions made by market participants.



Recent Accounting Pronouncements



The Company has evaluated the recent accounting pronouncements and
believes that none of them will have a material effect on the company’s financial statements.





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|JPX Global, Inc. (f/k/a Jasper Explorations Inc.)
|-------------------------------------------------
|(An Exploration Stage Company)                   
|NOTES TO THE FINANCIAL STATEMENTS                
|(UNAUDITED)                                      



4. CONVERTIBLE NOTE



On December 18, 2008, the company entered into a Promissory Note
agreement with the CEO of the Company. The note was for a sum of $1,500 non interest bearing, due and payable on December 31, 2010.
If note is not paid on December 31, 2010, the note can be converted to shares of common stock of Jasper Exploration for $.001 per
share. At the time the note was issued the Company did not have a fair value for the stock therefore no beneficial conversion feature
exists. At this time, the Company and the debtholder have not converted the loan into shares of the Company, and the Company does
not currently plan to. The Company and the note holder have verbally agreed that the Company will pay the loan off as it is able
to without penalty. As at December 31, 2012 and December 31, 2011, the balance in note payable account is $1,500.



5. CAPITAL STOCK



On August 31, 2010, the company issued 30,000,000 private placement
common shares to its founder for cash of $30,000.



On August 17, 2011 the Company issued 100,000 common shares at par
value for services rendered.



There are no other issuances of common stock for the period ended
December 31, 2012.



On January 3, 2013, the Company approved the action to amend and
restate the Articles of Incorporation of the and increase the authorized common shares to 500,000,000 and create and authorize
40,000,000 shares of Preferred Stock which was approved by written consent of the holder representing approximately 67% of the
outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100
votes per share of Series A Preferred Stock held, and is convertible into 10 shares of common stock for every share of preferred
stock held.



6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES



On December 18, 2008, the company entered into a Promissory Note
agreement with the CEO of the Company. The note was for a sum of $1,500 non interest bearing, due and payable on December 31, 2010.
If note is not paid on December 31, 2010, the note can be converted to shares of common stock of Jasper Exploration for $.001 per
share. At the time the note was issued the Company did not have a fair value for the stock therefore no beneficial conversion feature
exists. At this time, the Company and the debtholder have not converted the loan into shares of the Company, and the Company does
not currently plan to. The Company and the note holder have verbally agreed that the Company will pay the loan off as it is able
without penalty.



In May 2012, the Company received an advance from its Director and
officer for $30,000. The advance is without interest and there are no terms of repayment. Also in May 2012, a Director and officer
paid expenses on behalf of the Company totalling $14,978. The advance is without interest and there are no terms of repayment.
The director and officer also paid for the review fees of $5000, for the period ended 12.31.2012 on behalf of the company. The
amount paid is also without interest and there are no terms of repayment. The total amount outstanding as of December 31, 2012
is $49,978.



7. INCOME TAXES



For the years ended December 31, 2012 and 2011,
the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit
for income taxes has been recorded due to the uncertainty of the realization of any tax assets. At December 31, 2012, the Company
had approximately $51,578 of federal and state net operating losses. The net operating loss carry forwards, if not utilized, will
begin to expire in 2029. The provision for income taxes consisted of the following components as of December 31, 2012 and 2011:





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Components
of net deferred tax assets, including a valuation allowance, are as follows for the years ended December 31 2012 and 2011:





|                                  |  | December 31, 2012 |         | December 31, 2011
|--------------------------------- |  | ----------------- | ------- | -----------------
|Deferred tax assets:              |  | $                 | 11,500  |                  
|Net operating loss carry forwards |  | $                 | 51,578  |                  
|Deferred tax asset                |  | $                 | 18,052  |                  
|Valuation allowance               |  | $                 | (18,052 | )                
|Total deferred tax assets         |  | $                 | —       |                  







The valuation allowance for deferred tax assets for the years ended
December 31, 2012 and 2011 was $18,052 and $12,957 . In assessing the recovery of the deferred tax assets, management considers
whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization
of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences
become deductible. Management considers the scheduled reversals of future deferred tax liabilities, projected future taxable income,
and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred
tax assets would not be realized as of December 31, 2012 and 2011 and recorded a full valuation allowance.



8. SUBSEQUENT EVENTS



On January 3, 2013 the action to amend and
restate the Company’s Articles of Incorporation to change the Company’s name from Jasper Explorations, Inc. to JPX
Global, Inc., (the “Amendment”) was approved by written consent of the holder representing approximately 67% of the
outstanding voting securities of the Company.



On January 3, 2013, the
Board of Directors of the Company approved the Amended and Restated Articles of Incorporation of the Company.  The Amended
and Restated Articles of Incorporation filed with the Nevada Secretary of State is filed with the Schedule 14C Information Statement
dated January 3, 2013.



On January 3, 2013, the action to amend
and restate the Articles of Incorporation of the Company to increase the authorized common shares to 500,000,000 and create and
authorize 40,000,000 shares of Preferred Stock was approved by written consent of the holder representing approximately 67% of
the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights
of 100 votes per share of Series A Preferred Stock held, and is convertible into 10 shares of common stock for every share of
preferred stock held.

On February 15, 2013, JPX Global, Inc. entered into an agreement
to acquire all of the outstanding shares of Scorpex, Inc., a Nevada corporation (hereafter, “Scorpex”), in exchange
for 103,250,000 shares of Common Stock and 5,000,000 shares of Series A Preferred Stock of the Company (such transaction is hereafter
referred to as the “Acquisition”). Scorpex is a development stage waste disposal and recycling company, with the goal
of storing and disposing all types of waste, including those classified as industrial, toxic, and hazardous.



As of February 15, 2013, in connection with
the Acquisition described above, Joseph Caywood, the largest shareholder of Scorpex, held a controlling beneficial interest in
the Company and as a result may unilaterally determine the election of the Board and other substantive matters requiring approval
of the Company’s stockholders.



ITEM 9.   CHANGES IN AND DISAGREEMENTS
WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

There have been no change in our accountants
during the last two fiscal years, and we have not had any disagreements with our existing accountants.



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ITEM 9A.   CONTROLS
AND PROCEDURES



(a)   We maintain a system of
controls and procedures designed to ensure that information required to be disclosed by us in reports that we file or submit under
the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within time periods specified
in the SEC’s rules and forms and to ensure that information required to be disclosed by us in the reports that we file or
submit under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to our management, including our
Chief Executive Officer and Principal Financial Officer, or persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure. As of December 31, 2012, under the supervision and with the participation of our Chief
Executive Officer and Principal Financial Officer, management has evaluated the effectiveness of the design and operation of our
disclosure controls and procedures. Based on that evaluation, the Chief Executive Officer and Principal Financial Officer concluded
that our disclosure controls and procedures were effective.



As permitted by applicable SEC rules, this report
does not include an attestation report of our independent registered public accounting firm regarding internal control over financial
reporting. Management’s report, which is included in Item 8 above, was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the SEC that permit us to provide only management’s report in this annual
report.



(b)   There were no changes
in our internal control over financial reporting during the year ended December 31, 2012 that materially affected, or is reasonably
likely to materially affect, our internal controls over financial reporting.



MANAGEMENT’S REPORT ON INTERNAL CONTROLS
OVER FINANCIAL REPORTING



Our management is responsible for establishing
and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) under the Exchange
Act.



Our internal control over financial reporting
is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures
that:



| | - | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect
the transactions and disposition of assets;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------



| | - | Provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are
being made only in accordance with authorizations of management and our directors; and
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | - | Provide reasonable assurance regarding prevention and timely detection of unauthorized acquisition,
use or disposition of our assets that could have a material effect on our financial statements.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Internal control systems, no matter how well
designed, have inherent limitations. Therefore, even those systems that are determined to be effective provide only reasonable
assurance with respect to financial statement preparation and presentation. Also, projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.



Management assessed the effectiveness of our
internal control over financial reporting based on criteria for effective internal control over financial reporting described in
Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission as
determined to apply to a company our size.



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Based on its assessment, management concluded
that we maintained effective internal control over financial reporting as of December 31, 2012.



ITEM 9B.   OTHER INFORMATION.



None.

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PART III



ITEM 10.   DIRECTORS, EXECUTIVE OFFICERS AND
CORPORATE GOVERNANCE.



Board of Directors

Our board of directors
consists of the following two individuals:

|Name and Year First Elected Director(1) |  | Age |  | Background Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|--------------------------------------- |  | --- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|James P. Foran
        (2012)           |  | 53  |  | Mr. Foran, age 53, is a director and the Chief Executive Officer
        for Continental Industrial Services since 1999, a company that specializes in mechanical installation and maintenance of water
        and waste treatment facilities. Mr. Foran is also the Senior Project Manager for the Detroit Incinerator Rehabilitation since November
        2010, renovation of one of the world’s largest incineration complex’s. Mr. Foran has more than twenty years of experience
        at managing personnel and projects in the Heavy Civil Engineering Construction field. His involvement has included a diverse background
        in multiple management areas: establishing budgets, schedules, project management, mechanical process, monitoring and coordination,
        and extensive personnel management experience. He has experience in the design and construction of industrial facilities and processes
        for chemical and municipal customers. Mr. Foran has a Juris Doctorate degree from the University of Detroit School of Law, and
        a Bachelor's degree in English Literature and Communications. Mr. Foran is currently licensed to practice law in Michigan.



(1) The business
address of our sole director is 9864 E Grand River, Ste 110-301, Brighton, MI 48116.



Director Independence



We consider our sole member of the board of
directors an “independent director” in accordance with the published listing requirements of the NYSE Euronext Stock
Exchange. The independence definition of the NYSE includes a series of objective tests, such as that the director is not, and has
not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged
in various types of business dealings with us. In addition, we are required to consider “all relevant facts and circumstances”
in making our determination as to the independence of our directors.



Compensation of Directors



Although we anticipate compensating the members
of our board of directors in the future at industry levels, our current director is not paid cash compensation for his service
as director. The director may be reimbursed for certain expenses incurred in attending board of directors and committee meetings.



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Board of Directors Meetings and Committees



Although various items were reviewed and approved
by the Board of Directors via unanimous written consent during 2011 and 2012, the Board held no in-person meetings during the fiscal
year ended December 31, 2011 and 2012.



We do not have Audit or Compensation Committees
of our board of directors. Because of the lack of financial resources available to us, we also do not have an “audit committee
financial expert” as such term is described in Item 401 of Regulation S-K promulgated by the SEC.



Changes in Procedures by which Security Holders May Recommend
Nominees to the Board



Any security holder
who wishes to recommend a prospective director nominee should do so in writing by sending a letter to the Board of Directors. The
letter should be signed, dated and include the name and address of the security holder making the recommendation, information to
enable the Board to verify that the security holder was the holder of record or beneficial owner of the company’s securities
as of the date of the letter, and the name, address and resumé of the potential nominee. Specific minimum qualifications
for directors and director nominees which the Board believes must be met in order to be so considered include, but are not limited
to, management experience, exemplary personal integrity and reputation, sound judgment, and sufficient time to devote to the discharge
of his or her duties. There have been no changes to the procedures by which a security holder may recommend a nominee to the Board
during our most recently ended fiscal year.



Executive Officers

James P. Foran is our
sole executive officer, serving as our Chief Executive Officer and Secretary, as well as our principal accounting and financial
officer. Further information pertaining Mr. Foran’s business background and experience is contained in the section above
marked DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Section 16(a) Beneficial Ownership Reporting Compliance



We are required to identify each person who
was an officer, director or beneficial owner of more than 10% of our registered equity securities during our most recent fiscal
year and who failed to file on a timely basis reports required by Section 16(a) of the Securities Exchange Act of 1934.



For the 2012 fiscal year we are unaware of any
officer, director or beneficial owner of more that 10% of our registered equity securities who failed to file reports on a timely
basis in accordance with Section 16(a) of the Securities Exchange Act of 1934.



Code of Ethics



The Company expects that its Officers and Directors
will maintain appropriate standards of honesty and ethical conduct in connection with the performance of their duties on behalf
of the Company. In recognition of this expectation, the Company has adopted a Code of Ethics. The purpose of this Code of Ethics
is to codify standards the Company believes are reasonably necessary to deter wrongdoing and to promote honest and ethical conduct,
including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships and
full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to,
the Securities and Exchange Commission (the “SEC”), or other regulatory bodies and in other public communications made
by the Company.



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ITEM 11.   EXECUTIVE COMPENSATION

The following table
summarizes the total compensation for the two fiscal years ended December 31, 2011 and 2012 of each person who served as our principal
executive officer or principal financial and accounting officer collectively, (the “Named Executive Officers”) including
any other executive officer who received more than $100,000 in annual compensation from the Company. We did not award cash bonuses,
stock awards, stock options or non-equity incentive plan compensation to any Named Executive Officer during the two years ended
December 31, 2011 and 2012, thus these items are omitted from the table below:



|Summary Compensation Table           
|-------------------------------------
|Name and Principal Position          
|                                     
|James P. Foran                       
|Chief Executive Officer              
|Secretary and Chief Financial Officer
|                                     



There is no other arrangement or understanding
between our directors and officers and any other person pursuant to which any director or officer was or is to be selected as such.



Outstanding Equity Awards at Fiscal Year-End



Our Named Executive Officer did not have any
unexercised options or stock awards that have not vested outstanding at the end of our last fiscal year. Other than as noted above,
we did not grant any equity awards to our Named Executive Officers or directors during 2011 or 2012.





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ITEM 12.   SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following
table sets forth the beneficial ownership of each of our directors and executive officers, and each person known to us to beneficially
own 5% or more of the outstanding shares of our common stock, and our executive officers and directors as a group, as of December
31, 2012. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment power with
respect to the securities. Unless otherwise indicated, we believe that each beneficial owner set forth in the table has sole voting
and investment power and has the same address as us. Our address is 510 Shotgun Road, Suite 110, Sunrise, Florida 33325. As of
December 31, 2012, we had 30,100,000 shares of common stock outstanding. Each of our shares of common stock holds one vote.. The
following table describes the ownership of our voting securities (i) by each of our officers and directors, (ii) all of our officers
and directors as a group, and (iii) each person known to us to own beneficially more than 5% of our common stock or any shares
of our preferred stock.

|                                                                   |  | Amount and Nature of Beneficial Ownership |            |                                   
|------------------------------------------------------------------ |  | ----------------------------------------- | ---------- | ----------------------------------
|Name                                                               |  | Sole Voting and Investment Power          |            | Options Exercisable Within 60 Days
|James P. Foran                                                     |  |                                           | —          |                                   
|Joseph Caywood(3)                                                  |  |                                           | 20,100,000 |                                   
|All current directors and executive officers as a group (1 person) |  |                                           | —          |                                   

____________________

| | * | Indicates less than one percent.
| | - | --------------------------------



DESCRIPTION
OF CAPITAL STOCK

The following description
of our capital stock is based on relevant portions of our Articles of Incorporation (also sometimes referred to as our “charter”)
and Bylaws. This summary may not contain all of the information that is important to you, and we refer you to our Articles of Incorporation
and Bylaws for a more detailed description of the provisions summarized below.

JPX
Global was organized as a corporation under the laws of the State of Nevada on December 18, 2008. Our authorized capital
stock consists of 500,000,000 shares of common stock, par value $0.001 per share and 40,000,000 shares of preferred stock,
par value $0.001 per share. As of December 31, 2012, there were approximately 31 record holders of our common stock. There
are no outstanding other options or warrants to purchase our stock.

Our charter provides
that our board of directors may not amend our Articles of Incorporation without approval of our shareholders, including holders
of our preferred shares. A decrease or increase in the number of shares of capital stock which we may issue would require an amendment
of our charter.

At December 31, 2012,
we had 30,100,000 shares of common stock outstanding and 0 shares of preferred stock outstanding.

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Common Stock

Our charter authorizes
us to issue up to 500,000,000 shares of common stock. All shares of our common stock have equal rights as to earnings, assets,
dividends and voting privileges. If and when we issue shares of common stock to stockholders, such shares will be duly authorized,
validly issued, fully paid and nonassessable. Distributions may be paid to the holders of our common stock if, as and when authorized
by our board of directors and declared by us out of assets legally available therefor. Shares of our common stock have no preemptive,
conversion or redemption rights and are freely transferable, except where their transfer is restricted by federal and state securities
laws or by contract. In the event of our liquidation, dissolution or winding up, each share of our common stock would be entitled
to share ratably in all of our assets that are legally available for distribution after we pay all debts and other liabilities
and subject to any preferential rights of holders of our preferred stock, if any preferred stock is outstanding at such time. Each
share of our common stock is entitled to one vote on all matters submitted to a vote of stockholders, including the election of
directors.

Preferred Stock

Our charter authorizes
us to issue up to 40,000,000 shares of preferred stock. None of these preferred shares were issued and outstanding as of December
31, 2012. Although the preferred stock carries no dividend, distribution, liquidation or conversion rights, each share of series
A preferred stock carries one hundred (100) votes and holders of our preferred stock are able to vote together with our common
stockholders on all matters, and is convertible into ten shares of common stock for each share of series A preferred. Consequently,
the holder of our preferred stock is able to unilaterally control the election of our board of directors and, ultimately, the direction
of our Company.

Limitation of Liability of Directors and Officers; Indemnification
and Advance of Expenses

Pursuant to our charter
and under the Nevada Revised Statutes (hereafter, the “NRS”), our directors are not liable to us or our stockholders
for monetary damages for breach of fiduciary duty, except for liability in connection with a breach of duty of loyalty, for acts
or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, for authorization of illegal
dividend payments or stock redemptions under Nevada law or any transaction from which a director has derived an improper personal
benefit. Our charter provides that we are authorized to provide indemnification of (and advancement of expenses) to our directors,
officers, employees and agents (and any other persons to which applicable law permits us to provide indemnification) through Bylaw
provisions, agreements with such persons, vote of stockholders or disinterested directors, or otherwise, to the fullest extent
permitted by applicable law.

We have previously
entered into indemnification agreements with certain of our current directors and officers. The indemnification agreement indemnifies
the indemnitee to the fullest extent permitted by law, including against third-party claims and claims by or in right of the Company
or any subsidiary or majority-owned partnership of the Company by reason of that person (including the advancement of expenses
subject to certain conditions) (a) being a director, officer employee or agent of the Company, or of any subsidiary or majority-owned
partnership of the Company or (b) serving at our request as a director, officer, employee or agent of another entity. If appropriate,
we are entitled to assume the defense of the claim with counsel selected by us and approved by the indemnitee (which approval may
not be unreasonably withheld). Separate counsel employed by the indemnitee will be at his or her own expense unless (1) the employment
of separate counsel has been previously authorized by us, (2) the indemnitee reasonably concludes there may be a conflict of interest
or (3) we have not, in fact, employed counsel to assume the defense of such claim.

Disclosure of Commission Position on Indemnification for Securities
Act Liabilities



Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions above,
or otherwise, we have been advised that in the



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opinion of the SEC such indemnification is against public policy as expressed in
the Securities Act, and is, therefore, unenforceable.



In the event that a claim for indemnification
against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling
persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling
persons in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public
policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue



Provisions of the NRS and Our Charter and Bylaws

Our charter and bylaws
provide that our board of directors will have the exclusive power to make, alter, amend or repeal any provision of our bylaws.

Change of Control



On February 15, 2013, The Company entered into
an agreement to acquire all of the assets of Scorpex in exchange for 103,250,000 shares of Common Stock and 5,000,000 shares of
Series A Preferred Stock of the Company. Joseph Caywood, is the controlling shareholder of Scorpex. Although the Preferred Stock
carries no dividend, distribution, or liquidation rights, it is convertible into 50 million shares of common stock, each share
of Preferred Stock carries 100 votes per share and is entitled to vote with the Company’s common stockholders on all matters
upon which common stockholders may vote. As a result of the issuance of the Preferred Stock, Mr. Caywood holds a controlling beneficial
interest in the Company and, may unilaterally determine the election of the Board and other substantive matters requiring approval
of the Company’s stockholders.





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ITEM 13.   CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.



Certain Relationships and Related Transactions



On February 15, 2013, The Company entered into
an agreement to acquire all of the assets of Scorpex in exchange for 103,250,000 shares of Common Stock and 5,000,000 shares of
Series A Preferred Stock of the Company. Joseph Caywood, is the controlling shareholder of Scorpex. Although the Preferred Stock
carries no dividend, distribution, or liquidation rights, it is convertible into 50 million shares of common stock, each share
of Preferred Stock carries 100 votes per share and is entitled to vote with the Company’s common stockholders on all matters
upon which common stockholders may vote. As a result of the issuance of the Preferred Stock, Mr. Caywood holds a controlling beneficial
interest in the Company and, may unilaterally determine the election of the Board and other substantive matters requiring approval
of the Company’s stockholders.



On August 17, 2011 the Company issued 100,000
common shares at par value for services rendered.



On August 31, 2010, the company issued 30,000,000
private placement common shares to its founder for cash of $30,000.



ITEM 14.   PRINCIPAL ACCOUNTING FEES AND SERVICES.



The following table sets forth fees paid to
our independent registered accounting firm, De Joya Griffith, LLC for the last two fiscal years:



|                   |  | 2012 |        | 2011
|------------------ |  | ---- | ------ | ----
|Audit Fees         |  | $    | 11,500 |     
|Audit Related Fees |  |      | -0-    |     
|Tax Fees           |  |      | -0-    |     
|All Other Fees     |  |      | -0-    |     
|Total Fees         |  |      | $      |     



It is the policy of the Board of Directors,
which presently completes the functions of the Audit Committee, to engage the independent accountants selected to conduct our financial
audit and to confirm, prior to such engagement, that such independent accountants are independent of the company. All services
of the independent registered accounting firms reflected above were pre-approved by the Board of Directors.

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PART IV



ITEM 15.   EXHIBITS.



The following exhibits are filed with or incorporated
by referenced in this report:



|Exhibit Number |  | Description                                                                                                                         
|-------------- |  | ------------------------------------------------------------------------------------------------------------------------------------
|3.1            |  | Amended and Restated
    Articles of Incorporation (incorporated by reference from our report on form 8-K filed on January 9, 2013).
|3.2            |  | Amended and Restated
    Bylaws (incorporated by reference from our report on form 8-K filed on January 9, 2013).                   
|14.1           |  | Code of Ethics for the Registrant.                                                                                                  
|31.1           |  | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for James Foran.                                            
|32             |  | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for James Foran.                                            









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SIGNATURES



In accordance with Section 13 or 15(d) of the
Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                      |                                                                              | JPX GLOBAL, INC.
|--------------------- | ---------------------------------------------------------------------------- | ----------------
|                      |                                                                              |                 
|                      |                                                                              |                 
|                      | /s/ James P. Foran                                                          
|Dated: March 29, 2013 | By: James P. Foran, Chief Executive Officer, and Principal Financial Officer
|                      |                                                                              |                 
|                      |                                                                              |                 



In accordance with the Exchange Act, this
Report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.



|/s/ James P. Foran |  | Chief Executive Officer | March 29, 2013
|------------------ |  | ----------------------- | --------------
|James P. Foran     |  |                        







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