After installation in Ubuntu, snmp will run as follow:

$ ps -ef | grep snmp
snmp      9879     1  0 09:58 ?        00:00:00 /usr/sbin/snmpd -Lsd -Lf /dev/null -u snmp -I -smux -p /var/run/snmpd.pid 127.0.0.1

Omitting 127.0.0.1 from /etc/default/snmpd:

8
SNMPDOPTS='-Lsd -Lf /dev/null -u snmp -I -smux -p /var/run/snmpd.pid'

will allow other host to listen to ours.