I've never had problems removing blue locktite, it's red that is a bitch. However, my friend overtorqued a 8-10mm oil filter bolt on his KLR, and broke the head off. I had to remove it.
I know your's has a head. However, The proper way (more or less) to remove a bolt with no head:
1. Use a punch, and mark the head in the middle.
2. Use a small drill bit (like, really small, lower #/64" bits) to drill a hole into the middle of the bit, using oil to lubricate. Repeat this with an increasingly larger bit till it's about 1mm, I have no concept of fractional inch sizes.
3. Then use a screw/bolt extractor to remove it.
Instead of buying a screw extractor, here's what I did. I drilled a small, deep hole in the bolt using steps one and two. Then I took a tapered pick:
The straight one from this set.
Then I tapped this pick into the hole with a hammer. The taper created friction enough to twist the bolt out, and the tapping loosened the bolt. You don't want to go overboard on the hammering though. Just need to tap it in.
Edit: hahaha, a minute difference between this post and his. Those extractors are great when you still have a head!