I dont think its really a shorcut though. If you delete it, the program actually gets deleted although not the rest of its contents.
Of course it's not a shortcut. If you accidentally delete it, it will be deleted for sure. Anyway, if you have created some "shortcuts", you will see a file ".backdrop" in the root directory of the partition you created the "shortcut". This file is readable and shows the path of the "Leave Out" app.