Jourdan Resources, Inc., Autris and Process Research Ortech announced signing of a Joint Venture Term Sheet Agreement with respect to the formation of a joint venture to investigate, develop and commercialize a patentable technology required for the production of on demand ammonia for the fertilizer industry. Under the Term Sheet Agreement, Jourdan agrees to make an initial contribution of $1 million (or such lower amount as may be required to develop the ammonia generation technology) to the joint venture in consideration for a 34% initial participating interest in the joint venture. PRO agrees to provide its services to investigate and develop the nitrogen generation technology in consideration for a 33% initial participating interest in the joint venture.

In consideration for the remaining 33% initial participating interest in the joint venture, Autris agrees to contribute one of its nitrogen generators to be installed at PRO's testing facility located in Mississauga, Ontario and to contribute a sufficient amount of its on demand 98% pure Nitrogen to the joint venture as may be required by PRO for the purpose of developing the ammonia generation technology. Autris further agrees to the use of its patented technology associated with its nitrogen generators by the joint venture for the purpose of developing the ammonia generation technology. The technology, when and if, successfully developed, shall form the property of the joint venture.

Upon completion of the development of the ammonia generation technology, any net profit resulting from the commercialization of such technology shall be reinvested in the joint venture or distributed to the Parities on a pro rata basis in accordance with their respective participating interests in the joint venture. Upon completion of the development of the ammonia generation technology, Jourdan shall have exclusivity for use of the technology in the fertilizer sector for a period of two years, which period may be extended if certain milestones in expenditures are met by Jourdan. The terms set in the Term Sheet Agreement are subject to a definitive Joint Venture Agreement to be entered into by the Parties within sixty days from the date of the Term Sheet Agreement, or such later date as may be mutually agreed upon by the Parties.