OK, here it goes:
SPOILER! YOU'VE BEEN WARNED! :wink:
Peter is sick with a cold/flu and misses school. Ben Reilly happens on Connors in the lab, asleep, and notices Peter's DNA sample under the microscope. He sees that it's like nothing he's seen before and asks Connors about it, but Connors keeps his mouth shut and says it's too early to tell people about it. Connors calls up Peter, who is sick, and asks to talk to him. He obviously can't visit Peter so Peter meets him in a cafe and Connors asks Peter's permission to experiment with his DNA, promising him half of anything tha tmight come of it. Peter agrees.
Two months later, and Spidey is breaking up a fight with Punisher and a villian who robbed a bank (can't remember if it's anyone special; I don't have it in front of me..regardless Punisher doesn't do too much except shhot at the guy and get webbed up). Afterward Peter notices a scratch on his back and goes back to Connors for him to stitch it up. He wants to see the experiment but Connors says to wait till tomorrow because he's got a thing with his son. Peter leaves and Connors goes to check up on it. Reilly is back there, they discuss it a little, and after they leave the thing kind of takes form and it's "heart" looks like it starts beating.