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]
(..) Agent Smith. You all look the same to me. Take him. No! - Operator. - I need an exit, fast. There was an accident. Goddamn car accident. All of a sudden, boom. Somebody up there still likes me. I got you. (..)1999 The Matrix
(..) Shit. Morpheus, the line was traced. I don't know how. I know. They cut the hard line. There's no time. Get to another exit. - Are there any agents? - Yes. Goddamn it. You have to focus, Trinity. There's a phone at Wells and Lake. (..)1999 The Matrix