Apply penetrating oil to the rounded bolt and allow it to soak according to the penetrating oil's specifications.
Place the bolt extraction tool onto the rounded bolt. On the inside of one side of the tool, you will see a series of sharp spiraled blades placed over the rounded bolt. The socket wrench fits into the hole in the other side.
Insert the socket wrench into the bolt extraction tool, then press down on the head of the bolt as hard as you can with one hand, while turning the wrench with the other hand. When the bolt comes free, you will hear an audible squeaking sound as the threads loosen themselves. Continue ratcheting the wrench until the rounded bolt has been removed.