Yea, your going to have to use the stripped screw kit to get that out, the one you have to drill down a little bit, then crank with the special bit like ardvark mentioned. Your other option is to drill it out completly and re-tap the hole, but the bar wouldn't fit in there a unless you used a lot of teflon tape.
"During this line, the kid acted like he was pushing buttons on a calculator in the air. The kid played ******* air-calculator!"
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