I suggest that you have a look in the tutorial video 0.a (concept)
www.jms2win.com/tutorial#jms12x-0a
and in tutorial video 16
www.jms2win.com/tutorial#jms12x-16
As explained the sharing of an extension consists in sharing of MySQL tables.
So if you install (not shared) an extension into a slave site, it will have its own MySQL table that you can see with the JMS tools (table tab).
If you decide to create a slave site that share the extension the you will see that MySQL table will be a link to another website (the one that physically contain the table).