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]
(..) She saw the time machine. I couldn't leave her with that information. Don't worry. She's not essential to my plan. Well, you're the doc, Doc. Here's our exit. DOC: You've got to get out and change clothes. MARTY: Right now? It's pouring rain. Wait five more seconds. Right on the tick. (..)1989 Back to the Future Part II