Select the virtual machine, click on Settings, the above window will open. Click on the plus icon to select the folder you want to share with the virtual machine. Here I share the c:\Users\...\Desktop\HostDesk (the folder names are case sensitive) on the Windows 7 to share with the virtual Ubuntu. The shared folder name is Desktop, which will be used by Ubuntu to mount it.
Once you created the share, is time to start your virtual computer in order to mount it. Create a second folder on Linux's Desktop. Now, you should have created one folder on Windows 7 desktop, and another one, on Linu's Desktop. These are the folder you'll mount together.
Open a terminal and, inside the terminal window, use the search box if necessary.
use the following command line, replacing "HostDesk" and "LinxDesk" with the share names you defined: