Well guys here's my update...
I removed the top bolt, removed the cam chain tensioner bolt, started the bike, gently pushed down with a allen wrench through the top bolt hole... nothing moved... nothing! I tried a gentle push through the tensioner bolt hole... again nothing moved. Gave the bottom hole a long very skinny screw driver and with the engine running, and someone pushing through the top hole, gently tapped the screw driver... still nothing.
In the end, I could not get any movement what so ever in the adjuster to quiet the chain.
Becasue the bike has been sitting and not running for 10 years, could it be that the tensioner is stuck?
What do I do now??