In the Rose's storage locker, the Hobgoblin confronts the abducted Liz and Mary Jane, inadvertently revealing that he knows MJ by name. Meanwhile, Harry finds one of Norman's journals to swap for Liz and MJ. Spidey trails Harry. At the Baxter Building, a flying probe accidentally frees the Symbiote, who seeks revenge on Spider-Man. In Central Park, the Hobgoblin knocks Harry unconscious, taking both him and the journal. Spidey follows at a safe distance. Hobby places Harry with Liz and MJ. They escape but are spotted. Hobgoblin confronts them, but the Rose decides to leave. Spidey tackles Hobgoblin, their battle causing an explosion that knocks the wall-crawler out and sets the warehouse on fire. Finding Hobby's weapon's cache, Harry uses them against the villain while Liz, surrounded by flames, goes into labor. Recovering, Spidey steps in and defeats the Hobgoblin but is forced to let him go in order to save MJ and the Osborns from the fire. Liz is whisked to the hospital. Injured, the Hobgoblin returns to his hideout where he discovers Norman's journal offers nothing new. He vows to rest, recover, then settle accounts with Spider-Man.

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