A monolithic, fluid applied, elastomeric waterproofing membrane for waterproofing applications involving split slab construction, exterior foundation walls, planter boxes, base slab waterproofing or waterproofing requirements under tile or pavers with mortar bed. This membrane system is designed to form an adhesive bond to the waterproofed substrate in order to prevent lateral water migration between the membrane and base slab or vertical wall while at the same time allowing for normal structural movement without membrane rupture.