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]
(..) I just want you to know... Hold on to that for one second. Computer, worms. I said, " Bitch, if you don't want me to kick your skinny Zone Diet ass... ...turn around and exit the planet." -Frank, where are you? Main hall, egg display. We're taking fire. Kay pushed the red button. (..)2002 Men in Black II