Yes, the indexes can be stored on a network shared folder. Install the application, open readme.html, scroll down and you will see how to store indexes on a network shared folder. Here is a sample code from the readme.html file:
<Indices>
<Index Name="Local" Path=""/>
<Index Name="Shared Index" Path="z:\"/>
...
...
...
</Indices>
- Local: user can create and search their own indexes
- Path: (default) c:\users\\documents\searchwithin
- Shared index & Path: network mapped drive