Tokenize the string, then utilize the URI Regex from here to check if the token is a URI token or not, if it's not make it lower case.
var regex = new RegExp("([A-Za-z][A-Za-z0-9+\\-.]*):(?:(//)(?:((?:[A-Za-z0-9\\-._~!$&'()*+,;=:]|%[0-9A-Fa-f]{2})*)@)?((?:\\[(?:(?:(?:(?:[0-9A-Fa-f]{1,4}:){6}|::(?:[0-9A-Fa-f]{1,4}:){5}|(?:[0-9A-Fa-f]{1,4})?::(?:[0-9A-Fa-f]{1,4}:){4}|(?:(?:[0-9A-Fa-f]{1,4}:){0,1}[0-9A-Fa-f]{1,4})?::(?:[0-9A-Fa-f]{1,4}:){3}|(?:(?:[0-9A-Fa-f]{1,4}:){0,2}[0-9A-Fa-f]{1,4})?::(?:[0-9A-Fa-f]{1,4}:){2}|(?:(?:[0-9A-Fa-f]{1,4}:){0,3}[0-9A-Fa-f]{1,4})?::[0-9A-Fa-f]{1,4}:|(?:(?:[0-9A-Fa-f]{1,4}:){0,4}[0-9A-Fa-f]{1,4})?::)(?:[0-9A-Fa-f]{1,4}:[0-9A-Fa-f]{1,4}|(?:(?:25[0-5]|2[0-4][0-9]|[01]?[0-9][0-9]?)\\.){3}(?:25[0-5]|2[0-4][0-9]|[01]?[0-9][0-9]?))|(?:(?:[0-9A-Fa-f]{1,4}:){0,5}[0-9A-Fa-f]{1,4})?::[0-9A-Fa-f]{1,4}|(?:(?:[0-9A-Fa-f]{1,4}:){0,6}[0-9A-Fa-f]{1,4})?::)|[Vv][0-9A-Fa-f]+\\.[A-Za-z0-9\\-._~!$&'()*+,;=:]+)\\]|(?:(?:25[0-5]|2[0-4][0-9]|[01]?[0-9][0-9]?)\\.){3}(?:25[0-5]|2[0-4][0-9]|[01]?[0-9][0-9]?)|(?:[A-Za-z0-9\\-._~!$&'()*+,;=]|%[0-9A-Fa-f]{2})*))(?::([0-9]*))?((?:/(?:[A-Za-z0-9\\-._~!$&'()*+,;=:@]|%[0-9A-Fa-f]{2})*)*)|/((?:(?:[A-Za-z0-9\\-._~!$&'()*+,;=:@]|%[0-9A-Fa-f]{2})+(?:/(?:[A-Za-z0-9\\-._~!$&'()*+,;=:@]|%[0-9A-Fa-f]{2})*)*)?)|((?:[A-Za-z0-9\\-._~!$&'()*+,;=:@]|%[0-9A-Fa-f]{2})+(?:/(?:[A-Za-z0-9\\-._~!$&'()*+,;=:@]|%[0-9A-Fa-f]{2})*)*)|)(?:\\?((?:[A-Za-z0-9\\-._~!$&'()*+,;=:@/?]|%[0-9A-Fa-f]{2})*))?(?:\\#((?:[A-Za-z0-9\\-._~!$&'()*+,;=:@/?]|%[0-9A-Fa-f]{2})*))?")
var text = 'Hello World http://example.com/?param=FooBar Foo Bar';
var tokens = text.split(' ');
var lowerText = '';
for (var i = 0; i < tokens.length; i++) {
if (i != 0)
lowerText += ' ';
if (!tokens[i].match(regex))
lowerText += tokens[i].toLowerCase();
else
lowerText += tokens[i];
}