Complex sentence: It is said that the nomads were exploited by the Monastery as they were paid very meagre payments for the services rendered, and hence the place was given the name'Korzok' (meaning: acquired by unfair means).
Split into simpler sentences: It is said that the nomads were exploited by the Monastery as they were paid very meagre amounts for the services rendered. Hence the place was given the name'Korzok' (meaning: acquired by unfair means).