Dashlane Terms of Serivce (updated, pdf)

The point of interest for me, in section 4b:

>You grant us a non-exclusive, royalty-free, fully paid, fully sublicenseable, transferable, worldwide license, to reproduce, digitally transmit and use Your Content for the purpose of providing you the Services.

I'd like them to be able to have rights to use my content for the purpose of providing service, but what about this 'sublicensable, transferable' part. And what if I'm using only the locally encrypted non-sync service, where I think my data is not being copied or stored by Dashlane. Am I now granting such permissions?