<PAGE>
 
                                                                    EXHIBIT 4.46

                                AMENDMENT NO. 1

                                       TO

                             STOCK OPTION AGREEMENT


     THIS AMENDMENT NO. 1 TO STOCK OPTION AGREEMENT (this "Amendment No. 1") is
dated as of November 26, 1996, by and among AmeriKing, Inc., a Delaware
corporation (the "Company"), Donald Stahurski ("Stahurski") and Scott Vasatka
("Vasatka").

                               W I T N E S E T H:
                               ----------------- 

     WHEREAS, the Company and Stahurski entered into a Stock Option Agreement,
dated as of September 1, 1994 (the "Stahurski Option Agreement");

     WHEREAS, the Company and Vasatka entered into a Stock Option Agreement,
dated as of September 1, 1994 (the "Vasatka Option Agreement"); and

     WHEREAS, pursuant to the terms of a Recapitalization Agreement, of even
date herewith, by and among the Company and the stockholders of the Company who
appear on the signature pages thereto, (i) the existing classes of common stock
have been reclassified and (ii) the shares of reclassified common stock are
being split 863.281-for-1; and

     WHEREAS, the Company acknowledges it will benefit and desires to amend each
of the Stahurski Option Agreement and the Vasatka Option Agreement in accordance
with the provisions of this Amendment No. 1.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein and for other good and valuable consideration, the receipt and
sufficiency which are hereby acknowledged, the parties hereto as follows:


                              A G R E E M E N T:
                              - - - - - - - - - 

     SECTION 1.  Amendment.  Effective as of the date hereof, Section A. of each
                 ---------                                                      
of the Stahurski Option Agreement and the Vasatka Option Agreement shall be
deleted in their entirety and replaced with the following:
<PAGE>
 
          A.  Award of Options.  The Company hereby awards to the Grantee an
              ----------------                                              
          option (the "Option") to purchase a total of 4,851.64 shares of Common
          Stock, par value $.01 per share, of the Company (the "Common Stock").
          The price at which a share of Common Stock may be purchased pursuant
          to the exercise of the Option (the "Option Price") shall be $.1158 per
          share.

     SECTION 2.  Effect of this Amendment No. 1 on the Other Terms of the
                 --------------------------------------------------------
Management Consulting Agreement.  Except as expressly amended and modified
-------------------------------                                           
herein, all other terms of each of the Stahurski Option Agreement and the
Vasatka Option Agreement shall remain in full force and effect as originally
made and entered into by the parties thereto.

     SECTION 3.  Governing Law.  This Amendment No. 1 shall be governed by and
                 -------------                                                
construed in accordance with the laws of the State of Delaware (excluding
provisions relating to choice of law).

     SECTION 4.  Necessary Documents.  The parties hereto agree to execute or
                 -------------------                                         
cause to be executed at any time, any and all other documents or instruments
necessary to carry out the terms of this Agreement.

     SECTION 5.  Counterparts.  This Amendment No. 1 may be executed in any
                 ------------                                              
number of counterparts, each of which shall be deemed to be an original and all
of which together shall be deemed to be one and the same instrument, and all
signatures need not appear on any one counterpart.

                                      -2-
<PAGE>
 
     IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed as of the date first written above.


                                    AMERIKING, INC.


                              By:______________________________
                                 Name:  A. Richard Caputo, Jr.
                                 Title:   Vice President



                                ______________________________
                                Name:  Donald Stahurski



                                ______________________________
                                Name:  Scott Vasatka

                                      -3-