1. I think exam is countable. I had a test today
2. The second sentence isn't quite right. Is the chance for losing it high?
If it isn't I think you'd better use 'would' in it.
3. The third one is unusual. I've never heard a sentence like that before.
According to AudioEnglish.net
KIP is used a verb is very rare
What does kip mean? definition, meaning and pronunciation (Free English Language Dictionary)
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