If you just want to check whether it was found or not, you could use a simple boolean flag as follow :
foo = []
found = False
for i, tag in enumerate(content):
if content[i].text == 'Example':
found = True
foo.append('Example')
break
else:
continue
if not found:
foo.append('Not Example')
If I get what you want, this may be a simple approach, though the solution of alecxe looks amazing.