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]
(..) Okay, now you tell one. Bernard, I never knew you were so funny. And, I never heard you laugh before. Yeah, it's been a while. Feels pretty good. And, exit. You don't get out much, do you? Fun! I used to come here with my mother when I was a kid. It was one of my favorite things to do. (..)2010 Megamind
(..) - Uh huh. It's called, 'Formal Speed walking'. But that's not important. I better take the lead. This way looks exciting. No, it says, exit. Uh, which is the abbreviation for 'Exciting', right? It's the mother load. - Ahh. - Wow. (..)2010 Megamind