Peter is waiting for Morlun in a lab full of radioactive materials. He injects some materials to his bloodstream. Morlun enters the lab, and starts to fight against Peter, who is in his Spider-man costume. Morlun absorbs some of Peters strenght, but it hurts him. Thanks to Peters precautions.
Peter/Spider-man starts to fight against Morlun. Morlun doesn`t fight back, because he knows it will hurt him. Spidey keeps beating. And Morlun is beaten down. Morlun begs for Spidey not to kill him.
Spidey stands there, and wonders if he should kill him. After all, Morlun will kill many others in the future. Spider-man just stands there, and doesn`t know what to do.
Then, Morluns associate, who hasn`t been seen in a while, shoots Morlun. And Morlun dies.
Spider-man lets the shooter leave. Spidey says, that if he ever meets him again, he will take him to jail.
Spidey goes to Ezekiels skyscraper. He feels sad, for Ezekiel is dead. Or is he? No.
Spidey returns home, undresses his costume, and goes to sleep pretty guickly. Then Aunt May opens the door, which isn`t locked. He goes inside, and sees the shreaded Spider-man costume, and a beat-up Peter sleeping in bed. And he is, simply said, shocked.