This guide will walk you through steps on how to setup a VirtualBox shared folder inside your Ubuntu Server guest. Tested on Ubuntu Server 16.04.3 LTS (Xenial Xerus)
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Open VirtualBox
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Right-click your VM, then click Settings
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Go to Shared Folders section
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Add a new shared folder
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On Add Share prompt, select the Folder Path in your host that you want to be accessible inside your VM.
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In the Folder Name field, type
shared - 
Uncheck Read-only and Auto-mount, and check Make Permanent
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Start your VM
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Once your VM is up and running, go to Devices menu -> Insert Guest Additions CD image menu
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Use the following command to mount the CD:
 
sudo mount /dev/cdrom /media/cdrom
- Install dependencies for VirtualBox guest additions:
 
sudo apt-get update
sudo apt-get install build-essential linux-headers-`uname -r`
- Run installation script for the guest additions:
 
sudo /media/cdrom/./VBoxLinuxAdditions.run
- Reboot VM
 
sudo shutdown -r now
- Create "shared" directory in your home
 
mkdir ~/shared
- Mount the shared folder from the host to your ~/shared directory
 
sudo mount -t vboxsf shared ~/shared
- The host folder should now be accessible inside the VM.
 
cd ~/shared
This directory mount we just made is temporary and it will disappear on next reboot. To make this permanent, we'll set it so that it will mount our ~/shared directory on system startup
- Edit fstab file in /etc directory
 
sudo nano /etc/fstab
- Add the following line to fstab (separated by tabs) and press Ctrl+O to Save.
 
shared	/home/<username>/shared	vboxsf	defaults	0	0
- Edit modules
 
sudo nano /etc/modules
- Add the following line to 
/etc/modulesand save 
vboxsf
- Reboot the vm and log-in again
 
shutdown -r now
- Go to your home directory and check to see if the file is highlighted in green.
 
cd ~
ls
If it is then congratulations! You successfully linked the directory within your vm with your host folder.
How to point apache's web directory to our folder in the host.
- Remove apache's old 
htmldirectory (WARNING! Backup your data if necessary) 
sudo rm -rf /var/www/html	
- Add a symbolic link in its place
 
sudo ln -s ~/shared /var/www/html