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You can use bits like this to drill an over sized hole to get the bit out and then re-fill the holes with PB.
http://www.rockler.com/screw-extractor?sid=V9146?utm_source=bing&utm_medium=cpc&utm_term=&utm_content={adtype}&utm_campaign=PL&utm_source=bing&utm_medium=cpc&utm_campaign=(ROI)%20Shopping%20-%20Power%20Tool%20Accessories&msclkid=6b0aefe9417f1d3fc51ab4e9f30ab76c
I took the speedo off my boat and use my IPhone App to know how fast I'm going.