Most fans were surprised by the team's early 'exit' from the tournament. [=surprised that the team lost and was out of the tournament at an early stage]
The company needs to have an 'exit strategy'. [=a plan for ending its involvement when it wants or needs to end it]
The deal provides an 'exit' for the company. [=a way for the company to stop being involved in something]
(..) Here we go, honey. Ready, Violet? Ready? Now! This is gonna be rough. Robot's in the financial district. Which exit? - Traction Avenue. - That'll take me downtown. - I take Seventh, don't I? - Don't take Seventh! - Great, we missed it. (..)2004 The Incredibles