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]
(..) - Hey sweetie, what's going on? - Don't worry, baby. It's cool. Take a nap. Oh, my God. Those fuckers blocked both the exits. Check the terrace! - emergency. - I need help. - Somebody's trying to kill me. - Alright, just stay on the line. (..)1994 Léon: The Professional