VirtualBox Additions , Shared Folders, Open New Image

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http://www.youtube.com/watch?v=EY8JPbOBq4M&feature=youtu.be
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This video contains below Main features:

a) How to open existing Virtual Box Image
b) Issue : Failed to open New VirtualBox Image & File already exists.
c) Fixing the Issue : Failed to Open New VirtualBox Image  & File already exists.
d) Installing the "Virtual Box Tools"
    Mounting the VBOX Tools
    VBOX Guest Addition Tools
    Start the Image
    Provide Login Details
    Open Terminal
    Type : cd /media/VBOX*
           sh VBoxLinuxAdditions.run

e) Devices and Shared Folders.
    Create a folder /media/shared, else you will get another error.
    mount -t vboxsf shared /media/shared




Thanks
Kiran Ginni