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If you look at the EULA for most libraries, you may distribute them as part of a synchcronized work, which is what this is. Those EULAs exist mostly so that no one copies the fx library wholesale and tries to sell it.
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This is incorrect.
Only the first paragraph from the Sound Ideas user agreement
“ Limitations
Copyright infringement is a serious offence. Sound Ideas protects its copyright by all necessary means, including legal action. You are not authorized to:
Make copies of any of the unsynchronized recordings contained within our royalty free products, except as may be designated to a single stand alone workstation for the sole purpose of specific audio and / or visual synchronization at your own facility. You are only licensed to keep one copy of the audio content on one stand alone workstation at any given time unless otherwise directly licensed by Sound Ideas.”