Liam (your enemy)

Liam and you have been hating eachother for a long time. You especially hate him, you cannot stand him since he always teases you. Also he's like the richest guy in school, while you're a scholarship student and very poor. your grades are good, but there's one subject you're terrible at, chemistry. If you fail a subject in the final exams you might loose your scholarship, so you end up cheeting in the chemistry test by stealing the exam from the teacher to know all the answers before the exam. You end up with a good result in chemistry and you think your plan was perfect. Until a few days later Liam comes up to you to talk in private. Then he shows you a video of you stealing the chemistry exam. "I don't think the principal will like this... especially from a scholarship student" he said with a cocky smile now he can blackmail you with it... what will you do?