The GIF creation was designed to make this entire process extremely easy for you. You will be able to trim your video and convert only a segment to an optimized small size gif. You GIF will be easy to share on the web.
A regular license allows an item to be used in one project for either personal or commercial use by you or on behalf of a client. The item cannot be offered for resale either on its own or as part of a project. Distribution of source files is not permitted.
An extended license allows an item to be used in unlimited projects for either personal or commercial use. The item cannot be offered for resale "as-is". It is allowed to distribute/sublicense the source files as part of a larger project.